Local Rule RULE 3016-1: DISCLOSURE STATEMENTS AND PLANS IN CHAPTER 11 CASES
Bankr. N.D. Ill. — General rule
RULE 3016-1 DISCLOSURE STATEMENTS AND PLANS IN CHAPTER 11 CASES These requirements apply to all disclosure statements, unless the court orders otherwise:
(1) Each disclosure statement must include:
(a) An introductory narrative summarizing the nature of the plan and describing the proposed treatment of each creditor class. The narrative must identify each class of creditors and the composition of the class (number and type of creditors), the total dollar amount of claims in each class, and the total dollar amount or percentage to be paid to each class under the plan.
(b) A liquidation analysis.
(2) Unless a liquidating plan is proposed, each disclosure statement must also include:
(a) a projected cash flow and budget showing all anticipated income and expenses, including plan payments, over the life of the plan or three fiscal years, whichever is shorter;
(b) a summary of the scheduled assets and liabilities as of the petition date, the debtor's financial history during the case, and the mechanics of disbursements under the plan, including the persons responsible for disbursements; and
(c) annual financial statements for at least one fiscal year pre-petition and each fiscal year post-petition.
(3) If a party files an amended disclosure statement or plan (or any related amended document), the party must attach a black-lined version showing all changes made to the preceding version.