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§ 1125

In re Kiklis

Ruling
Objection to disclosure statement sustained for failure to provide unsecured or undersecured creditors with sufficient information about treatment of claim.
Procedural posture

Debtor filed a disclosure statement in connection with a bankruptcy petition under chapter 11. A creditor objected to the disclosure statement on the grounds that it failed to adequately describe and address the creditor's undersecured claim. The court held a hearing on the objection. The creditor then moved to confirm that it held an unsecured claim.

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opinion summary, case decided on September 26, 2006 , LexisNexis #1206-033