What is a Disclosure Statement? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Disclosure Statement

Disclosure Statement:

a document prepared by a chapter 11 debtor designed to provide information to creditors to enable them to evaluate the plan of reorganization

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Note: the above definition of Disclosure Statement was written in a simplified form for non-lawyers and may require a legal interpretation of how Disclosure Statement may impact your bankruptcy filing.