What are the two most important documents in a bankruptcy?

The two most important documents in a bankruptcy are the disclosure statement and the plan of reorganization. The disclosure statement serves a critical purpose, as it provides detailed information about the proposed plan and the debtor's assets, liabilities, and business operations. It allows creditors to make informed decisions regarding their votes on the plan.

The plan of reorganization is the document that outlines how the debtor intends to restructure its debts and continue its operations after bankruptcy. It details the treatment of creditors and the timeline for repayment or discharge of debts, crucial for re-establishing the financial health of the company.

Both documents are essential in providing transparency and a clear path forward, which is vital during the bankruptcy process for all stakeholders involved.