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Objections to form disclosure statement for individual Chapter 11s
Thank you so much, your answer is exactly what I was looking for and my client was happy that someone who worked on the actual forms gave the advice!
Sincerely,
Michael Avanesian Esq.
michael@avanesianlaw.com
818-817-1725
The post was migrated from Yahoo.
In this past week, Ive received two weird objections to the form disclosure statement for individuals.
The first was by a secured creditor where it felt that the disclosure statement was not adequate because it did not provide 1111(b) election information. Is it common to receive objections to the forms? I already responded partly on the basis that these are court approved disclosures but I didn?
The second objection was in the judges tentative in a different case. In Part B of the form disclosure statement it says:
B. Secured Creditors (Classes 2, 3, 4 and 5)
See Article II of the Plan.
The judge said that it is impermissible for the disclosure statement to refer to the plan! I am going to change the form to say See Addendum. The judge is basically objecting to the court approved disclosure statement. Any advice on how to couch this when speaking to the him? Thanks for any advice in advance.
Sincerely,
Michael Avanesian Esq.
michael@avanesianlaw.com
818-817-1725
The post was migrated from Yahoo.