11 U.S.C. § 308 : US Code - Section 308: Debtor reporting requirements
Search 11 U.S.C. § 308 : US Code - Section 308: Debtor reporting requirements
(a) For purposes of this section, the term "profitability" means,
with respect to a debtor, the amount of money that the debtor has
earned or lost during current and recent fiscal periods.
(b) A small business debtor shall file periodic financial and
other reports containing information including -
(1) the debtor's profitability;
(2) reasonable approximations of the debtor's projected cash
receipts and cash disbursements over a reasonable period;
(3) comparisons of actual cash receipts and disbursements with
projections in prior reports;
(4)(A) whether the debtor is -
(i) in compliance in all material respects with postpetition
requirements imposed by this title and the Federal Rules of
Bankruptcy Procedure; and
(ii) timely filing tax returns and other required government
filings and paying taxes and other administrative expenses when
due;
(B) if the debtor is not in compliance with the requirements
referred to in subparagraph (A)(i) or filing tax returns and
other required government filings and making the payments
referred to in subparagraph (A)(ii), what the failures are and
how, at what cost, and when the debtor intends to remedy such
failures; and
(C) such other matters as are in the best interests of the
debtor and creditors, and in the public interest in fair and
efficient procedures under chapter 11 of this title.
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