Queens New York Certificate of Retention of Debtor in Possession — B 207 is a legal document that allows a debtor in possession to retain property or assets during bankruptcy proceedings. This certificate provides the debtor with authorization to continue operating their business or managing their finances while under Chapter 11 bankruptcy protection. A Certificate of Retention of Debtor in Possession is crucial for debtors seeking to reorganize their affairs and repay their debts in a structured manner. It grants them the ability to maintain control over their assets, continue day-to-day operations, and make necessary decisions regarding their business or financial affairs. By obtaining this certificate, debtors are able to preserve value and maximize potential recovery for their creditors. In Queens, New York, the Certificate of Retention of Debtor in Possession — B 207 is an essential document utilized in bankruptcy cases filed under Chapter 11 of the United States Bankruptcy Code. This specific certificate refers to the provisions outlined in Section 1107(b) of the Bankruptcy Code, which deals with the rights and powers conferred upon a debtor in possession. Different types or variations of the Queens New York Certificate of Retention of Debtor in Possession — B 207 may not exist, as it is a standardized form used in the bankruptcy process. However, it is important to note that the content and specific details included in the certificate may vary depending on the debtor's unique circumstances and the court's requirements. Key keywords for this topic: Queens New York, Certificate of Retention of Debtor in Possession, B 207, bankruptcy proceedings, debtor in possession, Chapter 11, reorganize, financial affairs, assets, court, United States Bankruptcy Code, Section 1107(b).