11 U.S.C. § 1227 — Effect of confirmation

submitted 40 years ago by Pub. L. 99-554 to r/title-11-BANKRUPTCY · 169 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses effect of confirmation. It sets the duties, permissions, procedures, limits, and exceptions stated in the section.

(a) Except as provided in section 1228(a) of this title, the provisions of a confirmed plan bind the debtor, each creditor, each equity security holder, and each general partner in the debtor, whether or not the claim of such creditor, such equity security holder, or such general partner in the debtor is provided for by the plan, and whether or not such creditor, such equity security holder, or such general partner in the debtor has objected to, has accepted, or has rejected the plan.

(b) Unless another provision says otherwise in the plan or the order confirming the plan, the confirmation of a plan vests all of the property of the estate in the debtor.

(c) Except as provided in section 1228(a) of this title and except as otherwise provided in the plan or in the order confirming the plan, the property vesting in the debtor under subsection (b) of this section is free and clear of any claim or interest of any creditor provided for by the plan.

the actual law source: uscode.house.gov ↗public domain

(a)

Except as provided in section 1228(a) of this title, the provisions of a confirmed plan bind the debtor, each creditor, each equity security holder, and each general partner in the debtor, whether or not the claim of such creditor, such equity security holder, or such general partner in the debtor is provided for by the plan, and whether or not such creditor, such equity security holder, or such general partner in the debtor has objected to, has accepted, or has rejected the plan.

(b)

Except as otherwise provided in the plan or the order confirming the plan, the confirmation of a plan vests all of the property of the estate in the debtor.

(c)

Except as provided in section 1228(a) of this title and except as otherwise provided in the plan or in the order confirming the plan, the property vesting in the debtor under subsection (b) of this section is free and clear of any claim or interest of any creditor provided for by the plan.

Source credit: (Added and amended Pub. L. 99–554, title II, § 255, title III, § 302(f), Oct. 27, 1986, 100 Stat. 3112, 3124; Pub. L. 103–65, § 1, Aug. 6, 1993, 107 Stat. 311; Pub. L. 105–277, div. C, title I, § 149(a), Oct. 21, 1998, 112 Stat. 2681–610; Pub. L. 106–5, § 1(1), (2), Mar. 30, 1999, 113 Stat. 9; Pub. L. 106–70, § 1, Oct. 9, 1999, 113 Stat. 1031; Pub. L. 107–8, § 1, May 11, 2001, 115 Stat. 10; Pub. L. 107–17, § 1, June 26, 2001, 115 Stat. 151; Pub. L. 107–170, § 1, May 7, 2002, 116 Stat. 133; Pub. L. 107–171, title X, § 10814(a), May 13, 2002, 116 Stat. 532; Pub. L. 107–377, § 2(a), Dec. 19, 2002, 116 Stat. 3115; Pub. L. 108–73, § 2(a), Aug. 15, 2003, 117 Stat. 891; Pub. L. 108–369, § 2(a), Oct. 25, 2004, 118 Stat. 1749; Pub. L. 109–8, title X, § 1001(a)(1), (c), Apr. 20, 2005, 119 Stat. 185, 186.)

history & why it existsrecord from the source credit

1986Enacted · Pub. L. 99-554 · 100 Stat. 3112, 3124
1993Amended · Pub. L. 103-65 · 107 Stat. 311
1998Amended · Pub. L. 105-277 · 112 Stat. 2681
1999Amended · Pub. L. 106-5 · 113 Stat. 9
1999Amended · Pub. L. 106-70 · 113 Stat. 1031
2001Amended · Pub. L. 107-8 · 115 Stat. 10
2001Amended · Pub. L. 107-17 · 115 Stat. 151
2002Amended · Pub. L. 107-170 · 116 Stat. 133
2002Amended · Pub. L. 107-171 · 116 Stat. 532
2002Amended · Pub. L. 107-377 · 116 Stat. 3115
2003Amended · Pub. L. 108-73 · 117 Stat. 891
2004Amended · Pub. L. 108-369 · 118 Stat. 1749
2005Amended · Pub. L. 109-8 · 119 Stat. 185, 186

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-554 on 1986-10-27.

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