The Kentucky Order Approving Disclosure Statement and Fixing Time for Filing Acceptances or Rejections of Plan, Combined with Notice Thereof, is a court order issued and approved by the Kentucky Bankruptcy Court. This order authorizes the trustee and debtor in possession to provide the creditors with a disclosure statement. The disclosure statement describes the debtor's financial information, assets, liabilities, and the plan for repayment. The order also sets a specific time frame, usually sixty days, for creditors to review the disclosure statement and accept or reject the plan. There are two types of Kentucky Order Approving Disclosure Statement and Fixing Time for Filing Acceptances or Rejections of Plan, Combined with Notice Thereof. The first is an order approving the disclosure statement that does not include a time frame for creditors to file their acceptances or rejections. The second is an order approving the disclosure statement and includes a specific time frame for creditors to file their acceptances or rejections.
Kentucky Order Approving Disclosure Statement and Fixing Time for Filing Acceptances or Rejections of Plan, Combined with Notice Thereof
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