Washington 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 Washington Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a legal document that plays a crucial role in bankruptcy cases in Washington State. This form is used both before and after the enactment of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAP CPA). It serves to ensure transparency and provide creditors with all the necessary information regarding the debtor's financial affairs. In pre-2005 Act cases, this form is submitted to the bankruptcy court to obtain approval for the disclosure statement. The disclosure statement provides a comprehensive overview of the debtor's financial situation, including assets, liabilities, income, and expenses. This information enables creditors to make informed decisions regarding the proposed repayment plan. Upon filing the Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13, a hearing is scheduled by the court. During this hearing, the bankruptcy judge reviews the disclosure statement and considers any objections raised by creditors or other interested parties. If the court approves the disclosure statement, it moves forward to the confirmation stage. In post-2005 Act cases, the purpose of this form remains the same, but certain amendments have been made to comply with the new bankruptcy laws. The BAP CPA introduced stricter requirements for filing bankruptcy, including means-testing and mandatory credit counseling. Therefore, the disclosure statement following the 2005 Act includes additional information to comply with these new provisions. It is important to note that while the Washington Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is the general term used, there may be variations based on the specific bankruptcy chapter under which the case is filed. Some of these variations include Chapter 7 (liquidation), Chapter 11 (reorganization), and Chapter 13 (repayment plan). Each chapter may have its own unique version of the form, catering to the specific requirements and procedures associated with that chapter. In summary, the Washington Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a pivotal document in bankruptcy cases, both before and after the 2005 BAP CPA. It ensures transparency, provides creditors with comprehensive financial information, and sets the stage for the confirmation or rejection of the proposed repayment plan.

The Washington Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a legal document that plays a crucial role in bankruptcy cases in Washington State. This form is used both before and after the enactment of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAP CPA). It serves to ensure transparency and provide creditors with all the necessary information regarding the debtor's financial affairs. In pre-2005 Act cases, this form is submitted to the bankruptcy court to obtain approval for the disclosure statement. The disclosure statement provides a comprehensive overview of the debtor's financial situation, including assets, liabilities, income, and expenses. This information enables creditors to make informed decisions regarding the proposed repayment plan. Upon filing the Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13, a hearing is scheduled by the court. During this hearing, the bankruptcy judge reviews the disclosure statement and considers any objections raised by creditors or other interested parties. If the court approves the disclosure statement, it moves forward to the confirmation stage. In post-2005 Act cases, the purpose of this form remains the same, but certain amendments have been made to comply with the new bankruptcy laws. The BAP CPA introduced stricter requirements for filing bankruptcy, including means-testing and mandatory credit counseling. Therefore, the disclosure statement following the 2005 Act includes additional information to comply with these new provisions. It is important to note that while the Washington Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is the general term used, there may be variations based on the specific bankruptcy chapter under which the case is filed. Some of these variations include Chapter 7 (liquidation), Chapter 11 (reorganization), and Chapter 13 (repayment plan). Each chapter may have its own unique version of the form, catering to the specific requirements and procedures associated with that chapter. In summary, the Washington Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a pivotal document in bankruptcy cases, both before and after the 2005 BAP CPA. It ensures transparency, provides creditors with comprehensive financial information, and sets the stage for the confirmation or rejection of the proposed repayment plan.