Filing for Chapter 11 Bankruptcy Resource Kit

Summary

This resource kit provides an overview of the required (and common) filings when a debtor files a Chapter 11 bankruptcy proceeding. In a Chapter 11 case, the debtor begins with filing a Chapter 11 petition along with certain supporting documentation. After a Chapter 11 filing, the debtor, now a debtor in possession, continues to operate and may take actions within the ordinary course of its business. However, the debtor cannot act outside of the ordinary course of business without first obtaining bankruptcy court approval. The debtor therefore typically files several other motions at the same time as the petition (known as first day motions). In the first day motions, the debtor generally seeks court authorization to initiate various actions that will allow the debtor to (1) continue operations smoothly and (2) transition into the Chapter 11 case.