This form is an order to finally approve a disclosure statement.
Vermont Order Finally Approving Disclosure Statement and Confirming Plan - B 15S
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First, the disclosure document probably will be the main way the company tells its story to persons it hopes will invest in the company. Therefore, the company will want to provide a complete description of its business, any operations (including financial results) to date and the business background of its management.
The purpose of a disclosure statement is to provide explanatory information regarding the significant features of the insurance policy to enable the insured to make an informed decision regarding purchasing the insurance policy.
The subchapter V debtor shall file a plan not later than 90 days after the petition date, except that the court may extend the period ?if the need for the extension is attributable to circumstances for which the debtor should not justly be held accountable.? 11 U.S.C. § 1189(b).
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.
What is a Property Disclosure Statement? A property disclosure statement is a statement issued from a seller to a buyer which explicitly outlines information about the property being sold. This must include all important information about the property and must be accurately portrayed.
A disclosure statement in such a case might read: ?The author declares that (s)he has no relevant or material financial interests that relate to the research described in this paper?.