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Chapter 11 Small Business Subchapter V: NON-Consensual Plan
NON-CONSENSUAL PLAN: Plan Confirmed Over the Objections of Creditors, under 1191(b) (Non-Consensual) (Non-Consensual) Plan Payment Period: Duration 3 to 5 Years
B. After the Plan Payment Period:
NOTICE OF SUBSTANTIAL CONSUMMATION Notice of Substantial Consummation will be filed by the debtor at some point during the case.
NOTE: Case will remain open AFTER Substantial Consummation Subchapter V Trustee's services are NOT terminated if a Non-Consensual plan is confirmed until discharge. DEBTOR DISCHARGE: Completion of Plan Payments Under a Non-Consensual Plan (Pursuant to 11 USC 1192), Discharge may granted after the debtor completes all payments due within the first 3 years of the Plan (or a Plan not to exceed 5 years). Once ALL Plan Payments Under the Non-Consensual Plan are Completed, Debtor will file: Notice of Completion of Plan Payments and Request for Discharge
See Also (Ch 11 Individual Debtor) Notice of Completion of Plan Payments and Request for Discharge DISCHARGE of SUB V TRUSTEE Subchapter V Trustee is terminated upon entry of the Debtor's Order of Discharge.
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