Issue link: https://mbozikis.ufcontent.com/i/1422521
50 rights and powers of a hypothetical judicial lien creditor or bona fide purchaser under Section 544. On the other hand, entry of the order for relief, for example, marks the beginning of the two-year period for bringing certain causes of action and the commencement of the debtor's exclusivity periods in Chapter 11. A bankruptcy petition is a straightforward form that sets forth standard information such as the debtor's name and address, the estimated number of creditors and the estimated amounts of the debtor's assets and liabilities. Upon filing a voluntary petition under Chapter 11 or, in an involuntary Chapter 11 case, upon entry of the order for relief, the debtor becomes known as a "debtor-in- possession" (discussed below in Chapter VI.A.). The debtor will continue as a "debtor-in-possession" for the duration of the Chapter 11 case unless and until a trustee is appointed. 11 U.S.C. § 1101(1). A debtor-in-possession enjoys the rights and powers of a Chapter 11 trustee, and references to a Chapter 11 trustee are interpreted to include a debtor-in-possession (with certain limited exceptions). 11 U.S.C. § 1107(a). 2. Schedules and Statements In every voluntary case, the debtor must file with the petition schedules of its (i) secured, unsecured priority and unsecured nonpriority creditors, (ii) executory contracts and unexpired leases, and (iii) codebtors. If the debtor is a corporation, it must also file with the petition a corporate ownership statement that identifies any corporation that owns, directly or indirectly, 10% or more of any of the classes of the debtor's equity interests. 11 U.S.C. § 521(a); F ED. R. BANKR. P. 7007(a). In an involuntary case, the debtor has fourteen days after entry of the order for relief in which to file the above-referenced schedules. In a Chapter 11 reorganization case, the debtor must file, within fourteen days after entry of the order for relief, a list of the debtor's equity security holders of each class, showing the number and kind of interests registered to such holders. A debtor may obtain an extension of time for the filing of the schedules described above only on motion