Local Rule Rule 3016-1: Disclosure Statement - General.

Rule 3016-1 Disclosure Statement - General.

(a) Contents. Unless the Court orders otherwise, any disclosure statement or amended disclosure statement must include the following information in addition to all other information required by applicable law:

(1) an introductory narrative summarizing the plan, which must include:

(A) an identification of each class of claims or interests;

(B) the composition of each class as to number and type of creditor or interest;

(C) the amount of claims and interests (specifying any that are known to be disputed and how they will be treated under the plan);

(D) the amount (dollar and/or percentages) to be paid to each class and the timing of payments to be made under the plan; and

(E) all sources and amounts of funding in reasonable detail;

(2) a summary exhibit setting forth a liquidation analysis as if assets of the debtor were to be liquidated under chapter 7; and

(3) a narrative summarizing the scheduled assets and liabilities as of the date of the order for relief:

(A) reciting the disposition of assets during the chapter 11 case;

(B) describing the process for handling initial and subsequent disbursements under the plan; and

(C) identifying persons responsible for making disbursements under the plan.

(b) Disclosure Statement Accompanying Reorganization Plan. Unless a liquidating plan is proposed, each disclosure statement must also include a projected cash flow and budget, including plan payments over the shorter of the life of the plan or three fiscal years following confirmation, showing all anticipated income and expenses.