Session Description
Disclosure statements are generally longer than the plan and also contain the exact same provisions in the plan and do not really provide any more information to a creditor to help him/her/it make an informed choice when deciding to vote to accept or reject a plan. Do disclosure statement need to restate the entire case? Can't they be simplified so that they are easier to understand. In the end, creditors want to know the following: (a) how much am I getting; (b) when am I getting it; and (c) what are conditions are before my distribution is received.