(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
debtor
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)(A)
whether the
debtor is—
(i)(A)
in compliance in
all material respects with postpetition requirements imposed
by this title and the Federal Rules of Bankruptcy Procedure;
and
(ii)(B)
timely filing
tax returns and other required government filings and paying
taxes and other administrative expenses when due;
(B)(5) if the
debtor is not in compliance
with the requirements referred to in
subparagraph
(4)(A)(i)
or filing tax returns
and other required government filings and making the payments
referred to in subparagraph
(4)(B)(ii), what the failures
are and how, at what cost, and when the
debtor intends to remedy
such failures; and
(C)(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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