Who operates the business and develops a plan of reorganization?

11 U.S.C. 1104(b). The case trustee is responsible for management of the property of the estate, operation of the debtor's business, and, if appropriate, the filing of a plan of reorganization.

Who operates the business and develops a plan of reorganization?

11 U.S.C. 1104(b). The case trustee is responsible for management of the property of the estate, operation of the debtor's business, and, if appropriate, the filing of a plan of reorganization.

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Reorganization of corporation as a Massachusetts business trust with...

Riverside California Reorganization of corporation as a Massachusetts business trust with plan of reorganization

Name: Riverside California Reorganization of corporation as a Massachusetts business trust with plan of reorganization
Brand: US Legal Forms
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Category:

Corporations - Public - Restructuring

State:

Multi-State

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Riverside

Control #:

US-CC-7-677A

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This sample form, a detailed Reorganization of Corporation as a Massachusetts Business Trust w/Plan of Reorganization document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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The reorganization proposal must provide structure as to how the business will continue to operate. Normally, the plan will include information about downsizing the business, negotiating debts, and liquidating assets within the business.

11 U.S.C. § 1104(b). The case trustee is responsible for management of the property of the estate, operation of the debtor's business, and, if appropriate, the filing of a plan of reorganization.

The plan, along with a court-approved disclosure statement, is distributed to creditors for voting. The bankruptcy court and creditors must approve the plan before it can become effective and be executed.

To become legally effective, a Chapter 11 plan must be confirmed by the bankruptcy court. A plan is confirmed by the bankruptcy court when the bankruptcy judge signs an order approving the plan and ruling that the debtor and all creditors and interest holders are bound by the provisions of the plan. 48.

Before a plan of reorganization can be circulated for voting among creditors, the debtor must seek court approval of a disclosure statement containing ?adequate information.? A typical disclosure statement describes the events that led the debtor to bankruptcy, the major events that occurred during the bankruptcy case,

A key part of any Chapter 11 case is the debtor's plan of reorganization. The plan of reorganization outlines how the debtor will pay back creditors over time. In order to move forward with the plan of reorganization, the creditors must accept it and the court must confirm it.

Also known as plan. A comprehensive document prepared by a debtor or another party in interest detailing how the debtor will continue to operate or liquidate, and how it plans to pay the claims of its creditors over a fixed period of time.

11 U.S.C. § 1104(b). The case trustee is responsible for management of the property of the estate, operation of the debtor's business, and, if appropriate, the filing of a plan of reorganization.

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Riverside California Reorganization of corporation as a Massachusetts business trust with plan of reorganization

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What must a reorganization plan provide for?

Who operates the business and develops a plan of reorganization?

Who approves the plan of reorganization?

Who must approve a Chapter 11 plan?

What types of proposals might a reorganization plan include?

What is normally required before a reorganization plan can be implemented?

Who must accept and confirm the reorganization plan?

What is included in a plan of reorganization?

What must a reorganization plan provide for?

Who operates the business and develops a plan of reorganization?

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What is Riverside Reorganization all about?

Why would a corporation choose to reorganize into a business trust?

What steps are involved in the Riverside Reorganization of a corporation?

Does Riverside Reorganization require approval from shareholders?

What happens to the existing assets and liabilities during the Riverside Reorganization?

Can the Riverside Reorganization affect the legal status or ownership of the corporation?

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