New York Order Finally Approving Disclosure Statement and Confirming Plan - B 15S

• Category: Bankruptcy - Disclosures
• State: Multi-State
• Control #: US-B-15S
• Format: Word; PDF; Rich Text

Description

This form is an order to finally approve a disclosure statement.

Title: Exploring New York Order Finally Approving Disclosure Statement and Confirming Plan — B 15S Introduction: In this article, we will delve into the details of the New York Order Finally Approving Disclosure Statement and Confirming Plan — B 15S. This order plays a crucial role in legal proceedings, providing legal approval of a disclosure statement and confirming a plan in the context of bankruptcy cases. We will also touch upon different types of New York orders related to this matter. Detailed Description: 1. Definition: The New York Order Finally Approving Disclosure Statement and Confirming Plan — B 15S refers to a court order issued by a bankruptcy court in New York. It signifies the court's acceptance of the disclosure statement filed in compliance with the Bankruptcy Code for a particular case and approves the proposed plan of reorganization, commonly referred to as Plan B 15S. 2. Purpose and Importance: The primary purpose of this order is to finalize and validate a debtor's disclosure statement, which contains comprehensive information about the debtor's financials, assets, liabilities, and proposed restructuring plan. In order to gain creditor support and court approval for the proposed plan, it is essential to obtain a New York Order Finally Approving Disclosure Statement and Confirming Plan — B 15S, as it signifies that the court finds the statement and plan acceptable. 3. Plan — B 15S: Plan B 15S is a specific type of reorganization plan submitted along with the disclosure statement in a bankruptcy case. It outlines the specifics of how the debtor plans to restructure debts, repay creditors, liquidate assets, or make necessary changes to emerge from bankruptcy. It is important to note that New York distinguishes between different types of plans, and B 15S refers to a specific category. 4. Types of New York Orders Finally Approving Disclosure Statement and Confirming Plan: While the New York Order Finally Approving Disclosure Statement and Confirming Plan — B 15S is discussed explicitly here, it is worth mentioning that New York bankruptcy courts may have various types of orders designed to address particular situations. Some common examples include: a) Order Finally Approving Disclosure Statement and Confirming Plan — B 22: This order pertains to a different plan of reorganization, referred to as Plan B 22. It follows a similar process but might have distinct features and requirements compared to Plan B 15S. b) Order Finally Approving Disclosure Statement and Confirming Plan — B 12: Similar to the previously mentioned orders, B 12 represents another category of reorganization plans that may have unique characteristics and provisions that require court approval. Conclusion: In summary, the New York Order Finally Approving Disclosure Statement and Confirming Plan — B 15S is a significant legal order in bankruptcy cases, confirming the adequacy of a debtor's disclosure statement and approving the proposed plan of reorganization. It plays a vital role in ensuring clarity, transparency, and creditor confidence in the debtor's ability to emerge from bankruptcy successfully. Furthermore, it is essential to recognize that New York may have variations of this order, such as B 22 and B 12, depending on the specific circumstances of a bankruptcy case.