Examples of Chapter 11 Case in a sentence
Upon the Effective Date, title to all Estate Assets shall vest in the Reorganized Debtor for the purposes contemplated under the Plan and shall no longer constitute property of the Estate created for Fresh Choice in its Chapter 11 Case pursuant to section 541 of the Bankruptcy Code.
In the event that the Plan is not confirmed or fails to become effective, neither the Plan nor the Disclosure Statement nor any statement contained in the Plan or in the Disclosure Statement may be used or relied upon in any manner in any suit, action, proceeding or controversy within or without this Chapter 11 Case involving the Debtor, except with respect to Confirmation of the Plan.
The provisions of the confirmed Plan shall bind the Debtor, the Reorganized Debtor, the Committee, the Plan Sponsors, any entity acquiring property under the Plan, and any Creditor or Interest Holder, whether or not such Creditor or Interest Holder has filed a proof of Claim or Interest in the Chapter 11 Case, whether or not the Claim of such Creditor or the Interest of such Interest Holder is impaired under the Plan, and whether or not such Creditor or Interest Holder has accepted or rejected the Plan.
This is the First Subchapter V Plan of Reorganization in the Chapter 11 Case of Debtors(the “Plan”).1 This Plan is filed under Subchapter V of Chapter 11 of the Bankruptcy Code.
Pursuant to the Plan, Debtors (“Debtors”) propose to pay their Creditors, after confirmation and the Effective Date of the Plan, from a combination of monies that Debtors have accumulated during this Chapter 11 Case and future disposable income received by Debtors for five (5) years following the Effective Date of the Plan unless otherwise provided herein.