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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