In Re Civitella

MEMORANDUM OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

The issue before the Court is whether the Amended Disclosure Statement for the Plan of Arrangement of Ford Motor Credit Company, Community Savings Bank and Continental Bank should be approved. The Court finds that this disclosure statement does not meet the requirements imposed by Title 11 U.S.C. § 1125 and approval is denied. 1

Section 1125 provides that acceptances of a Chapter 11 plan may not be solicited unless the court has approved a disclosure statement which is then sent out to all parties entitled to vote on the plan. The…