Augusta GA Chapter 11 bankruptcy plan lawyers
Chapter 11 bankruptcy plan in Columbia County Georgia
A written statement of disclosure and a plan of reorganization should be submitted to the court. A disclosure statement is a document that will contain information regarding the assets, liabilities, and affairs of the debtor sufficient to help a creditor to reach an informed decision about the plan. The information needed is regulated by judicial discretion and the circumstances of the case. The plan should include a classification of claims and must specify how each class of claims will be considered according to the plan. The plan should be voted upon by impaired creditors, i.e., those whose contractual rights will be modified or who will receive less than the total value of their claims under the plan. When the disclosure statement is approved and the ballots are cast and tallied, there will be a confirmation hearing at which the court decides whether to confirm the plan.
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We are Augusta GA bankruptcy lawyer | Georgia attorney that assist their clients in filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Augusta GA.
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