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11 U.S.C. § 1327Effect of confirmation

submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 117 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about effect of confirmation. It states the duties, permissions, limits, procedures, and other rules that apply under this section.

(a) The provisions of a confirmed plan bind the debtor and each creditor, whether or not the claim of such creditor is provided for by the plan, and whether or not such creditor 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 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)

The provisions of a confirmed plan bind the debtor and each creditor, whether or not the claim of such creditor is provided for by the plan, and whether or not such creditor 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 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: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2650.)

history & why it existsrecord from the source credit
  • 1978Enacted · Pub. L. 95-598 · 92 Stat. 2650

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.

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