New Jersey Individual Debtors Chapter 11 Combined Plan of Reorganization and Disclosure Statement is a document that outlines a debtor's plan for restructuring their financial obligations to creditors. It is a crucial step in the Chapter 11 bankruptcy process and is used to provide creditors with an overview of the debtor's proposed reorganization plan. The Combined Plan and Disclosure Statement includes details such as the debtor's assets, liabilities, and proposed payment plans for creditors. It also contains information about the debtor's proposed terms of repayment, and any proposed changes to existing contracts or agreements. Additionally, the Plan outlines the proposed management of the debtor's business and any potential new or amended business contracts. There are two types of New Jersey Individual Debtors Chapter 11 Combined Plan of Reorganization and Disclosure Statement: the Plan of Reorganization and the Plan of Liquidation. The Plan of Reorganization outlines the debtor's proposed plan for restructuring their financial obligations to creditors, while the Plan of Liquidation outlines the debtor's proposed plan for liquidating their assets in order to pay creditors.