Chapter 11 SmBus Sub V: Consensual Plan Procedure
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Chapter 11 Small Business Subchapter V: Consensual Plan
Last Updated: March 17, 2025

11 U.S.C.
Fed. R. Bank. P. 1191(a), 1141(d)(1)(A) and 1181(a) 

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