A West Virginia Order Approving Disclosure Statement and Setting Confirmation Hearing is a court order issued by a bankruptcy court in the state of West Virginia. This order approves the disclosure statement for a chapter 11 bankruptcy reorganization plan and sets the date for a confirmation hearing. The disclosure statement provides creditors with detailed information about the reorganization plan, including the plan’s proposed terms, the proposed class structure, the manner in which the plan will be funded, and the financial projections for the reorganized debtor. At the confirmation hearing, creditors will have the opportunity to vote on the plan. If the creditors approve the plan, it will become effective once it is confirmed by the court. There are two types of West Virginia Order Approving Disclosure Statement and Setting Confirmation Hearing: one for a chapter 11 reorganization plan and one for a chapter 7 liquidation plan.
West Virginia Order Approving Disclosure Statement and Setting Confirmation Hearing
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