Asked by Katherine Roman on Jun 26, 2024
Verified
In a Chapter 11 proceeding, for an individual debtor , the court may order discharge at any time after the plan is confirmed.
Chapter 11
A provision in the U.S. Bankruptcy Code that allows companies to reorganize and restructure their debts while continuing their operations.
Individual Debtor
A single person who owes money to a creditor.
Discharge
The act of releasing someone from their duties, obligations, or liabilities, or to fire someone from a job.
- Comprehend the criteria for the granting or denial of a bankruptcy discharge.
Verified Answer
SW
Shareka WhiteJun 30, 2024
Final Answer :
False
Explanation :
In a Chapter 11 proceeding for an individual debtor, the discharge typically occurs after the completion of all payments under the plan, not just after the plan is confirmed.
Learning Objectives
- Comprehend the criteria for the granting or denial of a bankruptcy discharge.
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