The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Disclosure Statement
DEFINITION
A disclosure document is filled out by the debtor in a chapter 11 bankruptcy proceeding to provide creditors with the information that they need regarding assets, debts and income to allow them to make an informed decision regarding whether they will accept or reject a settlement plan.
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