The Oregon Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Pre and Post 2005 Act is a legal document used in the state of Oregon to obtain approval for a disclosure statement and set a hearing for confirmation of a plan of reorganization. This form is relevant to bankruptcy proceedings and falls under the jurisdiction of the U.S. Bankruptcy Court, District of Oregon. The purpose of the Oregon Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Pre and Post 2005 Act is to provide creditors, shareholders, and other interested parties with a detailed and transparent disclosure statement that outlines the debtor's financial situation, proposed reorganization plan, and any potential risks or benefits associated with the plan. The form must comply with the requirements set forth by the Bankruptcy Code and local bankruptcy rules. It typically includes information about the debtor's assets, liabilities, income, expenses, and any other relevant financial details. This disclosure statement is crucial for creditors and stakeholders to make informed decisions about the proposed plan of reorganization. Different types or variations of the Oregon Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Pre and Post 2005 Act may exist depending on the specific chapter of bankruptcy under which the case is filed. These can include Chapter 7, Chapter 11, and Chapter 13 bankruptcies. Each chapter has distinct requirements and procedures, and the form may need to be tailored accordingly. In summary, the Oregon Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Pre and Post 2005 Act is a vital document in bankruptcy proceedings, providing essential information to all parties involved. It ensures transparency and fairness throughout the reorganization process and allows creditors and stakeholders to voice their opinions and concerns regarding the proposed plan.
Oregon Order Approving Disclosure Statement and Fixing Hearing on Confirmation - Form 13 - Pre and Post 2005 Act
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How to fill out Oregon Order Approving Disclosure Statement And Fixing Hearing On Confirmation - Form 13 - Pre And Post 2005 Act?
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If the court confirms the plan, the chapter 13 trustee will distribute funds received under the plan "as soon as is practicable." 11 U.S.C. § 1326(a)(2). If the court declines to confirm the plan, the debtor may file a modified plan.
In bankruptcy law, a hearing generally occurs related to either Chapter 13 or Chapter 11 federal bankruptcy. Here, a confirmation hearing is a court proceeding wherein a judge either approves or rejects a proposed debtor repayment plan, based on its feasibility and other legal requirements.
The bankruptcy court must confirm a plan if (1) the plan satisfies the provisions of chapter 13 and other applicable provisions of title 11; (2) it is proposed in good faith; (3) it is in the best interests of creditors, and defined by subsection (a)(4) of Section 1325; (4) it has been accepted by the holder of each ...
Any Chapter 13 debtor who receives an objection to confirmation should first take a deep breath and relax. Then, they should pick up the phone and call their bankruptcy attorney and ask for an explanation of the objections. In the vast majority of cases, the objections can easily be fixed.
An order confirming the chapter 13 plan is a Bankruptcy judge's approval of the Debtor's proposed chapter 13 repayment plan. For more information, see 11 U.S.C. §1325 .
In a Chapter 13, an objection to confirmation is basically a written statement from the Chapter 13 Trustee or a creditor of the debtor that there is something wrong with the case that needs to be fixed before the confirmation hearing.