A letter advising creditors of a Chapter 11 Bankruptcy should  primarily give the reasons behind what led the corporation or individual to arrive at the decision to file a petition for bankruptcy under chapter 11.  It should state a summary of the state of disposition of the assets of the corporation or individual and the means by which the creditors and shareholders will ultimately see a return on their existing debts and prior investments in it.  Any proposed plan of reorganization that will establish a liquidating-trust with an independent, court-appointed trustee to administer the ongoing activities related to the collection of fees under the proposed sales transactions and the subsequent distribution of those funds to unpaid creditors and shareholders may also be outlined in the letter.

An independent court appointed trustee should also advise creditors of Chapter 11 bankruptcy in cases of involuntary filing of bankruptcy.  Such a letter shall have details of circumstances that led to the appointment of such independent, court appointed trustee.  Details of the U.S Trustee District that made the appointment, name of the bankruptcy court that passed the order and date of passing such order appointing the trustee, shall be included in the letter to creditors.  The powers and duties vested on such trustee and details of communication with the trustee should also be provided in the letter.