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tutt1126

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tutt1126

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Wednesday, 09/16/2020 12:00:37 AM

Wednesday, September 16, 2020 12:00:37 AM

Post# of 1989
What is a PETITION FOR VOLUNTARY RELIEF UNDER CHAPTER 11 BK ?
DNR DID FILED PETITION VOLUNTARY FOR A RELIEF UNDER CHAPTER 11.

Upon filing a petition for relief under Chapter 11, the debtor assumes an additional identity as the “debtor in possession.” 11 U.S.C. § 1101. The term refers to a debtor that keeps possession and control of its assets while undergoing a reorganization under Chapter 11
What is assets?
Stock would be part of assets.
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