What You Should Know About Revocation of Plan Confirmation
Related Forms
Schedule B - Personal Property
Schedule C - Property Claimed as Exempt
Schedule D - Creditors Holding Secured Claims
Schedule E - Creditors Holding Unsecured Priority Claims
Schedule F - Creditors Holding Unsecured Nonpriority Claims
Schedule G - Executory Contracts and Unexpired Leases
Schedule I - Current Income of Individual Debtor(s)
Schedule J- Current Expenditures of Individual Debtor(s)
Summary of Schedules (Includes Statistical Summary of Certain Liabilities)
View AllFor circumstances surrounding a petition to revoke a discharge of debtor responsibilities, a bankruptcy lawsuit may come into play for creditors who are dissatisfied with the results on legal and ethical grounds. Adversary bankruptcy proceedings will not encounter a great degree of success, for example, as long as they are arguing the logistics of the plan themselves.
In this regard, once a plan is confirmed, it is confirmed. According to the Bankruptcy Code, bankruptcy court judges use some other justification than misrepresentation of information and/or falsification of documentations to secure confirmation. In the event a plan is overturned, however, and debts have already begun to be discharged, they will also be reinstated.
NEXT: Bankruptcy Attorneys Section
