In a chapter 11 case, prior to entry of the order confirming the plan, the court may order the deposit with the trustee or debtor in possession of the consideration required by the plan to be distributed on confirmation. Any money deposited shall be kept in a special account established for the exclusive purpose of making the distribution.
An objection to confirmation of the plan shall be filed and served on the debtor, the trustee, the proponent of the plan, any committee appointed under the Code, and any other entity designated by the court, within a time fixed by the court. Unless the case is a chapter 9 municipality case, a copy of every objection to confirmation shall be transmitted by the objecting party to the United States trustee within the time fixed for filing objections. An objection to confirmation is governed by Rule 9014.
The court shall rule on confirmation of the plan after notice and hearing as provided in Rule 2002. If no objection is timely filed, the court may determine that the plan has been proposed in good faith and not by any means forbidden by law without receiving evidence on such issues.
Notwithstanding the entry of the order of confirmation, the court may issue any other order necessary to administer the estate.
An order confirming a plan is stayed until the expiration of 14 days after the entry of the order, unless the court orders otherwise.
ABI Related Resources
|Confirmation Is Not the End of the Case||04/30/2005|
|Investing in an Appeal The Dilemma Facing an Appellant of Confirmation Orders||04/30/2013|
|Knowing When to Pull the Plug Prior to Plan Confirmation||10/31/2012|
|Benchnotes Apr 2013||03/31/2013|
|Saving a Family Home, and the Ins and Outs of 3002.1||10/29/2023|
|Confirmation: Challenges of Today||09/15/2022|
|Bankruptcy Rules You Should Know||06/21/2022|