Rhode Island Order Confirming Chapter 11 Plan is a document issued by the court in Rhode Island that confirms and authorizes the reorganization plan proposed by a debtor in a Chapter 11 bankruptcy case. The order is a court order that must be approved by the court before a reorganization plan can be implemented. The order contains the details of the proposed plan, including provisions for debt repayment, asset liquidation, and other terms and conditions that are necessary to the successful reorganization of the debtor. There are three types of Rhode Island Order Confirming Chapter 11 Plan: (1) Joint Plan involving a debtor and one or more creditors; (2) Modified Plan involving a debtor and one or more creditors; and (3) Sole Plan involving only a debtor. Each type of order contains different provisions and requirements depending on the type of reorganization plan being proposed.
Rhode Island Order Confirming Chapter 11 Plan
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FAQ
An order confirming the chapter 13 plan is a Bankruptcy judge's approval of the Debtor's proposed chapter 13 repayment plan. For more information, see 11 U.S.C. §1325 .
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
If the Court does not confirm the Chapter 13 plan you have proposed, it will usually give the reasons for such disapproval so that the plan may be appropriately modified, converted to a Chapter 7 or dismissed. Once a case is dismissed, your creditors may again pursue the payoff of your debts.
In bankruptcy law, a hearing generally occurs related to either Chapter 13 or Chapter 11 federal bankruptcy. Here, a confirmation hearing is a court proceeding wherein a judge either approves or rejects a proposed debtor repayment plan, based on its feasibility and other legal requirements.
A Chapter 13 confirmation hearing is a court proceeding at which a bankruptcy judge decides whether someone has sufficient income to qualify for Chapter 13 bankruptcy. At the confirmation hearing, the judge reviews the filer's proposed plan to repay creditors.