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.

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One Response to What Is Confirmation in Bankruptcy?
  1. [...] 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 [...]

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