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so what is a plan of reorganization in a chapter 11 uh bankruptcy case well generally the debtor in possession must propose a plan of reorganization within 120 days of filing of the relief for bankruptcy uh now this can be extended and usually is uh by the court for some cause or for some reason or justification uh but the um bankruptcy code provides some mandatory Provisions that must be um covered in the bankruptcy plan and and uh there are lots of permissible Provisions that generally are included in the bankruptcy plan so once the bankruptcy plan is drafted then uh the Deb in possession has to draft a notice of uh the bankruptcy plan and this is basically like a disclosure statement in a Securities filing okay it includes all of this operational structural and financial information about the deor okay um and this notice disclosure statement along with the plan uh has to be submitted to the court for approval once reviewed by the court it has to be approved before being sent to cred
