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"Ohio Chapter 11 Filings"
The majority of debtors filing Ohio Chapter 11 cases are business, however, individuals may also file for
reorganization under this chapter. The total cost of filing Ohio bankruptcy reorganization is significantly
higher than wage earners plans and liquidation, and in turn, offers significantly greater options. Of all
Ohio bankruptcy cases filed, Chapter 11 cases generally represent about one percent of total case volume.
| 11 U.S.C. §1102(a) provides, in part, "(1) Except as provided in paragraph (3), as soon as practicable
after the order for relief under chapter 11 of this title, the United States trustee shall appoint a committee
of creditors holding unsecured claims and may appoint additional committees of creditors or of equity security
holders as the United States trustee deems appropriate. (2) On request of a party in interest, the court may
order the appointment of additional committees of creditors or of equity security holders if necessary to
assure adequate representation of creditors or of equity security holders. The United States trustee shall
appoint any such committee." |
Most Courts across the county, including Ohio bankruptcy Courts, require all cases to be filed
electronically. Electronic filing includes online submission and filing by diskette at the clerk's office. On
03-15-04 the Ohio Bankruptcy Court for the Northern District issued the following order: "Notice to Attorneys
Concerning Paper Filings: Any Attorney wishing to file a new petition or other document on paper, under
circumstances that are not governed by one of the exceptions to mandatory electronic case filing set forth in
Amended General Order 03-1, shall initially file a motion for leave to file on paper. The motion, which may be
filed via the mail or over the counter, shall be accompanied by an affidavit and proposed order. The affidavit
shall set forth the specific reasons that the filing cannot be made electronically."
Back to Ohio Bankruptcy Court words & phrases table.
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