This form is a ballot for accepting or rejecting a plan. The creditors of the debtor may use this form to either accept or reject the reorganization plan. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
Puerto Rico Ballot for Accepting or Rejecting Plan of Reorganization - Form 14 - Pre and Post 2005 Act
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FAQ
In Chapter 11 bankruptcy, a reorganization plan is established to conserve and administer the debtor's assets in the hope that the business can eventually: return to successful operation and solvency.
Section 503(b)(9) of the Bankruptcy Code provides that a creditor shall have an administrative expense claim for "the value of any goods received by the debtor within 20 days before the date of commencement of a [bankruptcy] case ? in which the goods have been sold to the debtor in the ordinary course of such debtor's ...
A plan of reorganization is proposed, creditors whose rights are affected may vote on the plan, and the plan may be confirmed by the court if it gets the required votes and satisfies certain legal requirements.
You will need to work in conjunction with the lawyer or firm to prepare your petition by completing a list of all of your company's assets, debts, income, and expenses with a summary of your finances. When ready, the petition can be filed with the bankruptcy clerk's office.
