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Some of the required elements that must be included in a Chapter 11 plan of reorganization are: A clear designation of the classes of creditors' claims that will be affected by the plan (a plan proponent (the party who proposes the plan) can only classify claims together if they are ?substantially similar? (§ 1122);
Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.
A debtor in possession (DIP) is a business or individual that has filed for Chapter 11 bankruptcy protection but still holds property to which creditors have a legal claim under a lien or other security interest. A DIP may continue to do business using those assets.
An involuntary chapter 7 case may be commenced under certain circumstances by a petition filed by creditors holding claims against the debtor. 11 U.S.C. § 303. Each debtor in a joint case (both husband and wife) can claim exemptions under the federal bankruptcy laws. 11 U.S.C. § 522(m). Chapter 7 - Bankruptcy Basics | United States Courts uscourts.gov ? services-forms ? chapter-7-b... uscourts.gov ? services-forms ? chapter-7-b...
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. debtor in possession | Wex | US Law | LII / Legal Information Institute cornell.edu ? wex ? debtor_in_possession cornell.edu ? wex ? debtor_in_possession
The person who owes you money is the Judgment Debtor. If you don't know what assets the Debtor has, you can ask for a Judgment Debtor Hearing. At the hearing, you can ask questions about the debtor's job, bank account, home, car, and other assets.