Chapter 11 Disclosure Statement

02/13/2015

 

Fed. R. Bankr. P. 3016

Fed. R. Bankr. P. 3017

11 U.S.C. § 1125

 

Only the debtor has exclusive right to file a Disclosure Statement and Plan of Reorganization within the first 120 days after the date of the order for relief under this chapter. See 11 U.S.C. § 1121(a)

 

Before the 120 day exclusivity period expires the debtor may request additional time to file the disclosure statement and plan by filing a Motion and Notice to Extend Exclusivity.  See Extend/Limit Exclusivity Period.

 

Upon the expiration of the exclusivity period and provided the debtor has not filed a plan; any party in interest including the debtor may file a plan. 11 U.S.C. § 1121(c)(2)

 

Chapter 11 Small Business Debtor requires special procedures.  See Chapter 11 Small Business Cases