The Sacramento California Certificate of Retention of Debtor in Possession — B 207 is a legal document that serves as proof of a debtor retaining possession of their assets during bankruptcy proceedings in the Sacramento area. This certificate is specifically designed for debtors who wish to continue managing their assets while working towards a resolution of their financial obligations. As a vital part of bankruptcy law, the Certificate of Retention of Debtor in Possession allows the debtor to remain in control of their assets rather than appointing a trustee to oversee the process. This document ensures that the debtor maintains full authority and responsibility for managing their estate, subject to court supervision. The Certificate of Retention of Debtor in Possession — B 207 is typically used in bankruptcy cases under Chapter 7 and Chapter 11 of the United States Bankruptcy Code, which outline the procedures for liquidation and reorganization, respectively. This certificate is specifically tailored to the bankruptcy procedures followed in the Sacramento California area. It is important to note that there are no known variations or types of Certificate of Retention of Debtor in Possession — B 207 specific to Sacramento California. However, the certificate may have some regional variations to comply with specific local requirements and regulations. Keywords: Sacramento California, Certificate of Retention of Debtor in Possession — B 207, bankruptcy proceedings, debtor, assets, financial obligations, bankruptcy law, Chapter 7, Chapter 11, liquidation, reorganization, court supervision, United States Bankruptcy Code.