The New Jersey Individual Debtor's Chapter 11 Combined Plan of Reorganization [or Liquidation] and Disclosure Statement is a document used in the bankruptcy process that outlines a debtor's proposed plan of reorganization or liquidation, including the terms of payment and distribution of assets, and includes a disclosure statement of all financial information pertinent to the case. This statement must be approved by the U.S. Bankruptcy Court before a bankruptcy case can proceed. In the case of a reorganization plan, the New Jersey Individual Debtor's Chapter 11 Combined Plan of Reorganization and Disclosure Statement sets forth the terms of the reorganization including a description of the debtor's assets, liabilities, cash flow, and financial condition. It also outlines the debtor's proposed repayment plan, including the amount of payments to creditors, the priority of payments, and the restructuring of debts. In the case of a liquidation plan, the New Jersey Individual Debtor's Chapter 11 Combined Plan of Liquidation and Disclosure Statement outlines the proposed distribution of assets among creditors and details the liquidation process. It also describes the debtor's assets, liabilities, cash flow, and financial condition. The New Jersey Individual Debtor's Chapter 11 Combined Plan of Reorganization [or Liquidation] and Disclosure Statement must be approved by the bankruptcy court before a bankruptcy case can proceed. Once approved, the plan is binding on all parties involved in the bankruptcy case.