Chapter 11 Small Business Subchapter V: Consensual Plan
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11 U.S.C. Related Topics: Ch. 11 SmBus Sub V Petition Filing, Ch. 11 SmBus Sub V: Procedural Orders, Ch. 11 SmBus Sub V Plan (Filing), Scheduling Ch. 11 SmBus Sub V Plan Confirmation Hearing , Ch. 11 SmBus Sub V: Plan Confirmation, Ch. 11 SmBus Sub V: Non-Consensual Plan |
CONSENSUAL Plan: Plan Confirmed Without Objection, under 1191(a) (Consensual)
Plan Payments
- Plan payments are made DIRECTLY to creditors.
Debtor Discharge
- Individual/Non-Individual Debtor(s) are Discharged immediately upon signing of the Order Confirming Plan under 1141(d)(1)(A) and 1181(a).
- Note: No separate Order of Discharge is entered.
- Discharge Form 318ORV1 can be issued at Confirmation of a Consensual Plan for Individual Debtors.
Notice of Substantial Consummation
- Pursuant to 1183(c)(2), the debtor shall file a Notice of Substantial Consummation within 14-days after the Plan has been Substantially Consummated.
- Docket [Bankruptcy > Notices > Notice of Substantial Consummation]
Discharge of Subchapter V Trustee
Pursuant to 1183(c)(1) the Subchapter V Trustee is Discharged upon Substantial Consummation of the Plan (since payments are made directly to creditors).
SEE NEXT: Notice of Completion of Plan Payments and Request for Order of Discharge