A Kentucky Order Approving Disclosure Statement and Confirming Plan is a formal legal document issued by a court in the state of Kentucky that approves a debtor's disclosure statement and confirms a plan of reorganization submitted in a bankruptcy case. This document is typically issued after a debtor has filed a petition for bankruptcy under either Chapter 7 or Chapter 11 of the United States Bankruptcy Code. The order serves to confirm the debtor's plan of reorganization and to approve the disclosure statement that was filed by the debtor. It also outlines the rights of the creditors in the bankruptcy case and states the court's approval of the debtor's repayment plan. The order also allows the debtor to complete the reorganization process and move forward with their financial life. There are two types of Kentucky Order Approving Disclosure Statement and Confirming Plan: a Chapter 7 Order and a Chapter 11 Order.