Legal Question in Bankruptcy in Maryland

Time Frames for Ch. 11

My understanding is that after filing Ch. 11, u have 120 days exclusively to file a reorg. plan. When after filing for Ch. 11 does the disclosure statement need to be filed and when is the section 341 mtng. held? If the period to file the plan is extended up to 18 months, when does the disclosure statement, meeting get done?

Asked on 7/16/09, 10:58 am

1 Answer from Attorneys

Daniel Press Chung & Press, P.C.

Re: Time Frames for Ch. 11

The 341 meeting is about a month after filing. The disclosure statement gets filed with the plan. Keep in mind that for certain types of debtors ("small business" and single-asset real estate), deadlines are shorter, and may not be subject to extension.

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Answered on 7/16/09, 1:00 pm

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