Confirmation (Bankruptcy) Law and Legal Definition
Confirmation as used in Bankruptcy laws refer to a Bankruptcy judges's approval of a plan of reorganization or liquidation in chapter 11, or payment plan in chapter 12 or 13. The court order makes the terms of the plan for repayment of debts in Chapter 11, 12 or 13 binding. The terms of the confirmed plan replace the prepetition rights of the debtor and creditor.
Legal Definition list
- Confirmation (Bankruptcy)
- Confirmation
- Confirmatio Omnes Supplet Defectus, Licet Id Quod Actum Est Ab Initio Non Valuit
- Confirmatio Est Nulla, Ubi Donum Praecedens Est Invalidum
- Confirm Title
- Confirmation Bias
- Confirmation Number
- Confirmation of Estate
- Confirmatory Drug or Alcohol Test
- Confirmatory Validity Test
- Confirmed Letter of Credit
