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What Is Confirmation in Bankruptcy?

Confirmation: The court order which makes the terms of the plan for repayment of debts in a Chapter 11, 12 or 13 binding. The terms of the confirmed plan replace the prepetition rights of the debtor and creditor.

This entry was posted on Saturday, December 26th, 2009 at 8:28 pm and is filed under Business Bankruptcy, Chapter 13. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

One Response to “What Is Confirmation in Bankruptcy?”

  1. What Is Required for Chapter 13 Bankruptcy Plan Confirmation? | Filing Bankruptcy in Kansas | Topeka Bankruptcy Law Office | 785-354-1471 says:
    January 3, 2010 at 11:59 am

    [...] U.S.C. § 1325. Confirmation of plan (a) Except as provided in subsection (b), the court shall confirm a plan if— (1) The plan complies with the provisions of this chapter and with the other [...]