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This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.

A list of creditors that hold secured claims, meaning they have an interest in the property. The list includes the creditor's name, address, amount of the debt, and date of when the debt was incurred.

SCHEDULED CLAIM. A claim scheduled by the debtor in its Schedules of Assets and Liabilities. SCHEDULES OF ASSETS AND LIABILITIES. Schedules a debtor must file with the Bankruptcy Court setting forth its assets and liabilities as of the petition date.

A Chapter 11 reorganization provides many benefits for troubled companies, including much-needed relief from unsustainable debt levels, the ability to unravel burdensome contracts, and breathing room to develop a plan.

While Chapter 11 can spare a company from declaring total bankruptcy, the company's bondholders and shareholders are usually in for a rough ride. When a company files for Chapter 11 protection, its share value typically drops significantly as investors sell their positions.

In a Chapter 11 case filed by an individual (i.e., a natural person), a discharge is granted by the court separately, after the completion of payments under the plan. A discharge is a court order relieving the debtor from liability for certain debts.

When you file for Chapter 13 bankruptcy, you must go to a mandatory hearing called the meeting of creditors before your case can be approved (confirmed) by the court. The meeting of creditors is a short hearing that allows the trustee appointed to your case to verify information in your bankruptcy papers.

Understanding Chapter 11. Named after the U.S. bankruptcy code 11, corporations generally file Chapter 11 if they require time to restructure their debts. This version of bankruptcy gives the debtor a fresh start.

The Chapter 7 meeting of creditors (also called the 341 hearing) is a meeting at which the bankruptcy trustee and your creditors get to ask you questions under oath about your bankruptcy petition and the documents you're required to provide the trustee.

(2) Written Objection. An objection to the confirmation of a chapter 13 plan shall be made by motion setting forth the facts and legal arguments that give rise to the objection in sufficient detail to allow the debtor to file a reply or an amended plan that addresses the objection.

Orange California Summary of Schedules - Form 6CONTSUM - Post 2005

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What is this chapter 11 all about?

What is a schedule of creditors?

What is a scheduled claim?

Is Chapter 11 a good thing?

What does Chapter 11 shareholders mean?

What is a Chapter 11 discharge?

What is a meeting of creditors in Chapter 13?

Why is it called Chapter 11?

What is a meeting of creditors in Chapter 7?

How does a creditor object to confirmation of a Chapter 13 plan?

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