Nebraska Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Pre and Post 2005 Act is a legal document that plays a crucial role in bankruptcy proceedings. This form is specifically designed to aid debtors and bankruptcy trustees seeking approval for their disclosure statement and scheduling confirmation hearings. The purpose of the Nebraska Order Approving Disclosure Statement is to provide a detailed account of the debtor's financial background, assets, liabilities, income, and expenses. It aims to offer complete transparency to the court and creditors by disclosing all relevant financial information. This is crucial as it allows parties involved in the bankruptcy case to make informed decisions. Additionally, the form also sets forth a confirmation hearing date. This hearing is pivotal because it allows the court to review the debtor's proposed repayment plan and determine whether it is feasible and fair to all parties involved. The court assesses the financial standing of the debtor and the likelihood of successfully reorganizing their debts. It is essential to note that there are different types of Nebraska Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13, each tailored to the specific bankruptcy act applicable: 1. Nebraska Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Pre-2005 Act: This form is applicable for bankruptcy cases filed before the Bankruptcy Abuse Prevention and Consumer Protection Act (BAP CPA) came into effect. It adheres to the bankruptcy regulations that were in place prior to 2005. 2. Nebraska Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Post-2005 Act: This form is suitable for bankruptcy cases filed after the implementation of the BAP CPA. It aligns with the current bankruptcy laws and regulations as amended by the Act. Both types of forms fulfill the same basic purpose of approving the disclosure statement and scheduling the confirmation hearing. However, the specific requirements, guidelines, and legal provisions applicable may vary depending on whether it is a pre-2005 or post-2005 bankruptcy filing. In conclusion, the Nebraska Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1— - Pre and Post 2005 Act is a critical document in bankruptcy proceedings. It ensures transparency, aids in decision-making, and schedules confirmation hearings to assess the debtor's proposed repayment plan. Two variants of the form exist, depending on whether the bankruptcy case was filed before or after the implementation of the BAP CPA.