Confirmation

Summary

This practice note addresses the requirements for confirming a Chapter 11 plan and related issues. The culmination of a Chapter 11 case is the confirmation, or court approval, of a Chapter 11 plan. After voting has concluded, and assuming the plan proponent believes that the plan has been accepted by the requisite class or classes of stakeholders, the court will hold a hearing to consider whether the plan meets the statutory requirements and standards for confirmation and should be confirmed. The confirmation hearing may be fairly short if all classes entitled to vote on the plan support the plan and there are few objections, or it may be a lengthy and hotly litigated hearing, lasting days or weeks, if there are classes that have rejected the plan and the plan is the subject of numerous objections.