The Texas Model Individual Chapter 11 Plan is a type of reorganization plan for individuals filing for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. It is designed to enable individuals to restructure their finances and repay creditors in a manner that's both manageable and equitable. The plan is often used to propose a repayment plan that allows individuals to keep their home, vehicle, and other personal property while also providing for the repayment of all creditors in an orderly fashion. The Texas Model Individual Chapter 11 Plan is divided into two parts: the Disclosure Statement and the Plan of Reorganization. The Disclosure Statement provides creditors with the necessary information to make an informed decision about the plan. It includes information about the debtor's assets and liabilities, a statement of current income and expenses, a statement of the debtor's proposed budget, and a list of creditors who are to be paid. The Plan of Reorganization sets forth the debtor's proposed repayment plan and outlines the terms of the repayment plan, which typically includes a payment schedule, a payment amount, and the type of security being used to secure the repayment of the debt. The repayment plan must be approved by the court and creditors before it can go into effect. The Texas Model Individual Chapter 11 Plan is one of several types of reorganization plans available to individuals filing for bankruptcy protection. Other types of plans include the Chapter 12 Family Farmer Reorganization Plan, the Chapter 13 Wage Earner Plan, and the Chapter 11 Small Business Reorganization Plan.