Debtor-In-Possession Monthly Operating Report (Attachment 2)

DEBTOR-IN-POSSESSION MONTHLY OPERATING REPORT, Chapter 12 bankruptcy is a type of bankruptcy that is specifically designed for family farmers and fishermen. Like other types of bankruptcy, the debtor in possession (the farmer or fisherman who filed for Chapter 12 bankruptcy) is required to file a monthly operating report with the bankruptcy court. The purpose of the Chapter 12 debtor-in-possession monthly operating report is similar to that of the monthly operating report required in Chapter 11 bankruptcy. It provides an accurate picture of the debtor's financial condition and operations during the bankruptcy case. However, the Chapter 12 report may also include additional information specific to the farming or fishing industry, such as crop yields, livestock inventory, or fishing catches. The monthly operating report is an important tool for the bankruptcy court, creditors, and other interested parties to monitor the debtor's progress and ensure that the debtor is complying with the terms of the Chapter 12 plan. It helps to ensure that all parties involved are treated fairly and equitably and that the debtor is able to successfully reorganize and emerge from bankruptcy as a viable family farm or fishing operation. www.FormsWorkflow.com