An Order Approving Disclosure Statement and Fixing Time for Filing Acceptances or Rejections of Plan, Combined with Notice Thereof is a court order issued by a bankruptcy judge to approve a debtor’s disclosure statement and to set a date for creditors to either accept or reject the debtor’s proposed reorganization plan. This order contains a summary of the disclosure statement and a notice to creditors that they must file their acceptance or rejection of the plan within a certain period of time, which is established by the court. The order also specifies any conditions or requirements that must be met before the reorganization plan can become effective. There are two types of Order Approving Disclosure Statement and Fixing Time for Filing Acceptances or Rejections of Plan, Combined with Notice Thereof: a Confirmation Order and a Final Order. A Confirmation Order is issued by the court after the debtor has proposed a plan of reorganization and the court has determined that the plan is fair and equitable. This order sets a date for the creditors to accept or reject the plan. If the required number of creditors accept the plan, the court will issue a Final Order that will make the plan binding on all creditors.
Order Approving Disclosure Statement and Fixing Time for Filing Acceptances or Rejections of Plan, Combined with Notice Thereof
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