11 U.S.C. § 1142 — Implementation of plan
submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 107 words · no verdicts yet
The debtor and entities formed to carry out a confirmed plan must carry it out and obey the court’s orders. The court may require parties to sign documents or take other needed actions, including releasing liens, to complete the plan.
(a) Even if any otherwise applicable nonbankruptcy law, rule, or regulation about financial condition would otherwise apply, the debtor* and every entity* formed or to be formed to carry out the plan must carry out the plan and obey the court’s orders.
(b) The court may order the debtor or any other needed party to sign, deliver, or help sign or deliver a document needed to transfer* property covered by a confirmed plan. The court may also order any other action needed to complete the plan, including satisfying a lien.
Notwithstanding any otherwise applicable nonbankruptcy law, rule, or regulation relating to financial condition, the debtor* and any entity* organized or to be organized for the purpose of carrying out the plan shall carry out the plan and shall comply with any orders of the court.
The court may direct the debtor and any other necessary party to execute or deliver or to join in the execution or delivery of any instrument required to effect a transfer* of property dealt with by a confirmed plan, and to perform any other act, including the satisfaction of any lien, that is necessary for the consummation of the plan.
Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2639; Pub. L. 98–353, title III, § 514(a), (c), (d), July 10, 1984, 98 Stat. 387.)
- 1978Enacted · Pub. L. 95-598 · 92 Stat. 2639
- 1984Amended · Pub. L. 98-353 · 98 Stat. 387
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.
all 0 arguments · sorted by: best
no arguments yet — make the first case