This form is an order to finally approve a disclosure statement.
Indiana Order Finally Approving Disclosure Statement and Confirming Plan - B 15S
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US-B-15S
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Title 11 of the United States Code, also known as the United States Bankruptcy Code, is the source of bankruptcy law in the United States Code.
Subchapter V makes the process of filing under Chapter 11 more streamlined and affordable. Generally, eligibility is limited to debtors that are engaged in commercial activity and have less than $7.5 million in total secured and unsecured debt (as of 2023), of which at least half comes from business activities.
The automatic stay provides a period of time in which all judgments, collection activities, foreclosures, and repossessions of property are suspended and may not be pursued by the creditors on any debt or claim that arose before the filing of the bankruptcy petition.
An automatic stay is a provision in United States bankruptcy law that temporarily prevents creditors, collection agencies, government entities, and others from pursuing debtors for money that they are owed.
The disclosure statement is a document that must contain information concerning the assets, liabilities, and business affairs of the debtor sufficient to enable a creditor to make an informed judgment about the debtor's plan of reorganization.