Official Procedure Last Change July 28, 2021
Chapter 11 Disclosure Statement
How to file:
Location of event: Bankruptcy > Plans & Disclosure Statements > Disclosure Statement
- In a small business case, the debtor has different options for the plan solicitation process, and is subject to different deadlines. Consult the Small Business section for more information.
- A disclosure statement is never required under Subchapter V.
- The debtor (or any plan proponent) must file and get court approval of a written disclosure statement before there can be a vote on the plan of reorganization. The
- disclosure statement must provide "adequate information" concerning the affairs of the debtor to enable the holder of a claim or interest to make an informed judgment about the plan.
- After the disclosure statement is filed, the court must hold a hearing to determine whether the disclosure statement should be approved.
- Once the Court has entered an order approving the Disclosure Statement, the plan proponent has 14 days to file a Certificate of Service regarding the distribution of the Plan, Disclosure Statement and ballots.
- The disclosure statement must be signed by the proponent.
- The Chapter 11 plan may be filed along with the disclosure statement, or on a separate occasion.
- Small business cases: Official Form B25B may be used.
1. Log into CM/ECF.
2. Select Bankruptcy > Plans & Disclosure Statements.
3. Enter case number (in the format xx-xxxxx) and click Next.
4. Select Disclosure Statement from the event list and click Next.
5. Check box if jointly filing with another attorney, click Next. If jointly filing, select additional attorneys, click Next.
6. Select the party filer. If the party is not listed, or cannot be selected, view instructions on adding a new party. Click Next.
Note: The "Attorney/Party Association” screen may appear. If your party selection was correct, check the box to create an association and click Next.
8. Select prefix text, if applicable, and click Next.
9. Verify the final docket text; if correct, click Next to submit your document(s).
Note: The Notice of Electronic Filing displays giving you the document number. Copies of this notice are immediately e-mailed to all participants who receive electronic notification in the case.