business law question

For this prompt only, assume the following facts: 1) Theo has structured his business as a partnership; 2) Mitya's inheritance from his mother should have been $1,000,000; 3) Theo has given Mitya $225,000 since he joined the Army to provide living expenses for him; 4) Theo owns his home in New York worth $3.5 million, but with a remaining mortgage balance of $750,000; 5) Theo's business owns timber rights in Russia worth $1.5 million; 6) Theo took out an unsecured personal loan to fund the business operations worth $700,000 (that he hasn't paid back); 7) Theo has an unfulfilled firewood contract worth $1.25 million; and, 8) Theo has an unfulfilled timber contract worth $1.1 million. Theo seeks to declare bankruptcy for his business. Describe in detail the process that he will have the follow and the likely satisfaction of debts. You should also be clear as to which chapter of the bankruptcy code applies and why