Rev. 4/19/2024
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The debtor has an exclusive right to file a Disclosure Statement and Plan of Reorganization within the first 120 days after the chapter 11 case is filed (order for relief). See 11 U.S.C. § 1121(a) The debtor may request additional time to file disclosure statement and plan by filing a motion and notice to extend exclusivity before the 120-day exclusivity period expires. See Extend/Limit Exclusivity Period. If the debtor does not file a plan within the exclusivity period, any party in interest, including the debtor, may file a plan. See 11 U.S.C. § 1121(c)(2) In a Small Business Case, if the court determines that the small business plan contains adequate information, the court may not require a Disclosure Statement. See 11 U.S.C. 1125(f)(1) In a Subchapter V case, a disclosure statement is not required unless the court orders otherwise. See 11 U.S.C. § 1181(b) |
Docket Event:
[Bankruptcy > Plan > Disclosure Statement for Small Business]
Docket Event:
[Bankruptcy > Plan > Disclosure Statement]
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