(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
debtor in a
small business case 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) whether the
debtor is—
(A) in compliance in all material
respects with postpetition requirements imposed by this
title and the Federal Rules of Bankruptcy Procedure; and
(B) timely filing tax returns
and other required government filings and paying taxes and
other administrative expenses when due;
(5) if the
debtor is not in compliance with the requirements referred
to in paragraph
4(A)
or filing tax returns and other required government filings
and making the payments referred to in paragraph
4(A),
what the failures are and how, at what cost, and when the
debtor intends to remedy such failures; and
(6) 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.
(Added Pub. L.
109-8, Title IV, Subtitle B, §
434(a)(1), April 20, 2005, 119 Stat. 111;
Pub. L.
111-327, § 2(a)(10), Dec. 22,
2010, 124 Stat. 3558.)
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