Debtor's Disclosure Statement

A Debtor’s Disclosure Statement is a document provided by a debtor in a bankruptcy case that explains their financial situation, including the assets they own, debts owed, and how they plan to handle repayment or reorganization. Its purpose is to give creditors and the court clear, honest information so they can decide whether to approve the debtor’s proposed plan for settling debts. It ensures transparency and helps all parties understand the debtor's financial condition and proposed solutions.