Texas Order Approving Disclosure Statement and Fixing Hearing on Confirmation - Form 13 - Pre and Post 2005 Act

• Category: Bankruptcy - Disclosures
• State: Multi-State
• Control #: US-BKR-F13
• Format: PDF

Description

This form is an order approving a disclosure statement and fixing the time for filing acceptances or rejections of the plan. The form must be completed and signed by the bankruptcy judge. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases. The Texas Order Approving Disclosure Statement and Fixing Hearing on Confirmation, also known as Form 13, is a legal document used in bankruptcy proceedings in the state of Texas. This form is crucial for both debtors and creditors as it outlines the disclosure requirements and sets the date for the confirmation hearing, where the court will determine the final approval of the debtor's reorganization plan. Before the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAP CPA), there were certain differences in the content and application of Form 13. Therefore, to address these changes, there are two types of Texas Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 categorized as pre-2005 Act and post-2005 Act. The pre-2005 Act Form 13 includes the specific disclosure requirements that apply to individuals or businesses filing for bankruptcy under Chapter 11 of the Bankruptcy Code before the implementation of BAP CPA. It outlines the information that must be disclosed to the court and creditors, such as the debtor's financial statements, schedules of assets and liabilities, executory contracts, and proposed reorganization plan. The form also contains provisions for fixing the hearing on confirmation, where all interested parties can present their arguments and objections. On the other hand, the post-2005 Act Form 13 reflects the changes brought by BAP CPA. This legislation aimed to prevent bankruptcy abuse and introduced several modifications to the bankruptcy process. The post-2005 Act Form 13 includes additional financial information requirements, such as the means test, which assesses the debtor's ability to repay their debts. It also contains provisions related to the new deadlines and procedures established by the Act. In summary, the Texas Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a vital document in bankruptcy cases. It serves to ensure transparency and fairness in the process by providing a comprehensive disclosure of the debtor's financial situation and setting the stage for the confirmation hearing. It is essential for debtors and creditors to understand which version of Form 13 applies to their case, either the pre-2005 Act or post-2005 Act, as there are differences in the content and requirements.

The Texas Order Approving Disclosure Statement and Fixing Hearing on Confirmation, also known as Form 13, is a legal document used in bankruptcy proceedings in the state of Texas. This form is crucial for both debtors and creditors as it outlines the disclosure requirements and sets the date for the confirmation hearing, where the court will determine the final approval of the debtor's reorganization plan. Before the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAP CPA), there were certain differences in the content and application of Form 13. Therefore, to address these changes, there are two types of Texas Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 categorized as pre-2005 Act and post-2005 Act. The pre-2005 Act Form 13 includes the specific disclosure requirements that apply to individuals or businesses filing for bankruptcy under Chapter 11 of the Bankruptcy Code before the implementation of BAP CPA. It outlines the information that must be disclosed to the court and creditors, such as the debtor's financial statements, schedules of assets and liabilities, executory contracts, and proposed reorganization plan. The form also contains provisions for fixing the hearing on confirmation, where all interested parties can present their arguments and objections. On the other hand, the post-2005 Act Form 13 reflects the changes brought by BAP CPA. This legislation aimed to prevent bankruptcy abuse and introduced several modifications to the bankruptcy process. The post-2005 Act Form 13 includes additional financial information requirements, such as the means test, which assesses the debtor's ability to repay their debts. It also contains provisions related to the new deadlines and procedures established by the Act. In summary, the Texas Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a vital document in bankruptcy cases. It serves to ensure transparency and fairness in the process by providing a comprehensive disclosure of the debtor's financial situation and setting the stage for the confirmation hearing. It is essential for debtors and creditors to understand which version of Form 13 applies to their case, either the pre-2005 Act or post-2005 Act, as there are differences in the content and requirements.