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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.
Target Audience
Creditor
First Name
John
Last Name
Lucas
Email
jlucas@pszjlaw.com
Firm
Pachulski Stang Ziehl & Jones