954-384-6114

WHAT ARE THE DUTIES OF A CHAPTER 11 DEBTOR?

A Chapter 11 filing can be used to reorganize a large corporation, a small business or it could be utilized on an individual basis for those individuals that do not qualify for a Chapter 7.

The entity filing a Chapter 11 has certain fiduciary obligations including:

  1. Accounting for property and assets
  2. Examining and objecting to claims of creditors
  3. Filing required reports including monthly operating reports
  4. Obtaining court approval to employ professionals, such as attorneys, accountants, appraisers, auctioneers or others as needed during the case
  5. Filing tax returns

The office of the U.S. Trustee is responsible for monitoring the compliance of the debtor in possession.  We have a strong relationship with the U.S. Trustee’s office and have established a good relation and reputation that benefits our Chapter 11 clients.

If you are seeking legal representation, contact us online or give us a call at 954-384-6114 to schedule a consultation. We offer video chat and video chat and conference.

Oppenheim Law | Bankruptcy Attorneys
2500 Weston Rd #404
Fort Lauderdale, FL 33331
954-384-6114

 
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