(1) “adequate information” means information of a kind, and in sufficient detail, as far as is reasonably practicable in light of the nature and history of the debtor and the condition of the debtor's books and records, including a discussion of the potential material Federal tax consequences of the plan to the debtor, ...
When we question the adequacy of health-care coverage, or parking facilities, or school funding, we're asking if they are equal to our need. The adjective adequate means "enough" or "acceptable" though in sentences like "His performance was adequate", it really means "no better than acceptable".
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Answer:
(1) “adequate information” means information of a kind, and in sufficient detail, as far as is reasonably practicable in light of the nature and history of the debtor and the condition of the debtor's books and records, including a discussion of the potential material Federal tax consequences of the plan to the debtor, ...
Question:
Example of Adequacy Information.
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Example of Adequacy Information:
When we question the adequacy of health-care coverage, or parking facilities, or school funding, we're asking if they are equal to our need. The adjective adequate means "enough" or "acceptable" though in sentences like "His performance was adequate", it really means "no better than acceptable".