File Chapter 11
Resolution to File Chapter 11 Reorganization
Corporation Name: _____
WHEREAS, the Corporation/LLC is insolvent and unable to pay its debts to creditors when due and WHEREAS, the Corporation/LLC and its creditors would be best served by reorganization of the Corporation/LLC under Chapter 11 Bankruptcy Code; be it |
RESOLVED, that the Corporation/LLC is hereby authorized to hire an attorney and file as soon as possible for reorganization pursuant to Chapter 11 of the Bankruptcy Code. RESOLVED, further, that the Vice President of Finance of the Corporation/LLC, and that the foregoing is a true record of resolution duly adopted by at a meeting of the stockholders/members and that said meeting was hold in accordance with the state law and the Bylaws/Operating Agreement of the Corporation/LLC on dat _____, 2 _____. The Resolution is now in full force and effect without modification or rescission. |
Dated _____ Designation: Secretary _____ |
Dated_____ Designation: Manager _____ Signature _____ Signature _____ |
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