Chapter 11 First Day Declaration | Practical Law
This Note explains the purpose of a first day declaration, the logistics of drafting the declaration and choosing a declarant, and the contents of the declaration. This Note also discusses the significance of a first day declaration in laying a foundation for a debtor's first day motions and the Chapter 11 case. This Note also includes links to summaries of the local rules for first day declarations in certain jurisdictions, allowing attorneys to compare rules across different bankruptcy courts.