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Postconfirmation Administration
Federal Rule of Bankruptcy Procedure
3020(d) provides that, "[n]otwithstanding
the entry of the order of confirmation,
the court may issue any other
order necessary to administer the
estate." This authority would include
the postconfirmation determination of
objections to claims or adversary proceedings
which must be resolved before
a plan can be fully consummated.
Sections 1106(a)(7) and 1107(a) of the
Bankruptcy Code require a debtor in
possession or a trustee to report on the
progress made in implementing a plan
after confirmation.
A chapter 11 trustee
or debtor in possession has a number of
responsibilities to perform after confirmation,
including consummating the
plan, reporting on the status of consummation,
and applying for a final decree.
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Sue Your Boss Law
CA expands lawsuits for violations of the labor code. New ebook has 100+ ways employers can be sued |
Repair Your Credit
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