United States Bankruptcy Court
Northern District of California
1300 Clay Street, Courtroom 215
Oakland, California 94612
Charles Novack Telephone: (510) 879-3525
United States Bankruptcy Judge Facsimile: (510) 879-3524
CHAPTER 11 STATUS CONFERENCE CHECKLIST
The Purpose Of The Status Conference
Complying With The Requirements Of The Bankruptcy Code And Rules
The court expects strict compliance with the Code and Rules. Failure to comply with the following requirements often leads to an early conversion of the case:
Developing A Schedule For The Case
How much time will the court give the debtor to reorganize?
What is the reorganization goal?Generating cash for creditors by the sale of some or all of the debtor's assets.
Raising cash through borrowing or an infusion of capital such as a sale of stock.
Becoming profitable and paying creditors through future profits.
When is a reorganization plan and disclosure statement likely to be filed?
The reorganization case will normally be terminated by a dismissal or conversion of the case to Chapter 7 and the liquidation of assets by a trustee. Dismissal or conversion normally occurs as a result of a motion brought by one of the creditors or the
Unites States Trustee.