Subchapter V Small Business Debtors Plan Of Reorganization Or Liquidation {137}

Local Form 137 - SMALL BUSINESS DEBTOR’S PLAN OF REORGANIZATION [OR LIQUIDATION]. This form is used by a small business debtor who has filed for Chapter 11 bankruptcy under Subchapter V in the United States Bankruptcy Court for the District of Delaware. It outlines the debtor's Plan of Reorganization or Liquidation and serves as both a disclosure statement and reorganization plan as required by the Bankruptcy Code. The form provides detailed information about the debtor’s business history, financial condition, assets, liabilities, and the events leading to bankruptcy. It explains how various classes of creditors will be treated—such as secured, priority, and general unsecured claims—and how the plan proposes to pay each class. It includes projections, funding sources, proposed distributions, and outlines how contracts and leases will be handled. Creditors can use this information to evaluate the plan, vote on it, and object to confirmation if they choose. The plan also addresses tax consequences, feasibility, discharge of debts, and other legal and administrative details required for court approval. www.FormsWorkflow.com