A Chapter 11 disclosure statement must be approved by the court before there can be a vote by creditors on the reorganization plan.

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When the Chapter 11 petition is filed, the debtor also files a disclosure statement containing information about the debtor's assets, liabilities, and business affairs to allow creditors to make informed decisions about the reorganization plan. The disclosure statement must be approved by the court before there can be a vote by creditors on the reorganization plan.

A Chapter 11 Disclosure Statement Must Be Approved by the Court