California Statement of Your Financial Affairs (non-individuals)
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How to fill out Statement Of Your Financial Affairs (non-individuals)?
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FAQ
A DIP may continue to do business using those assets. However, it is required to seek court approval for any actions that fall outside the scope of regular business activities. The DIP must also keep precise financial records, insure any property, and file appropriate tax returns.
A debtor in possession (DIP) is an individual or corporation that has filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code and holds property or assets which can be used to satisfy creditor claims.
DUTIES OF DEBTOR IN OBLIGATION TO GIVE Preserve/take care of the thing due. Deliver its accessions and accessories. Deliver the thing itself. Answer damages in case of non-
A debtor in possession (DIP) is an individual or corporation that has filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code and holds property or assets which can be used to satisfy creditor claims.