Practical Law Glossary Item 4-382-3413 (Approx. 2 pages)
Glossary
Disclosure Statement
A comprehensive document prepared by the Chapter 11 debtor or other entity proposing a plan of reorganization explaining the background of the debtor, the bankruptcy case and the risk factors of the proposed plan. It must contain "adequate information" to allow a voting creditor to make an "informed judgment about the plan" (§ 1125(a)(1), Bankruptcy Code).