Chapter 11 Plan

U.S. Bankruptcy Court for the District of Alaska

Rule Set: Local Bankruptcy Rules of the U.S. Bankruptcy Court for the District of Alaska

Rule: 3016-3

Jurisdiction: DAKB

Bluebook Citation: Bankr. D. Alaska R. 3016-3

All Rules: Bankr. D. Alaska Local Bankruptcy Rules, complete index


Text

(a) Table of Contents. A plan must contain a table of contents that appropriately lists the headings and subheadings of the plan with page numbers. (b) Substantial Consummation. A chapter 11 plan of reorganization must clearly set forth what events or acts the plan proponent considers constitutes substantial consummation of the plan, as defined in § 1101(2) of the Code.

(c) Liquidating Plans. If the plan provides for liquidation of property of the estate, it must: (1) set forth the date certain by which liquidation must occur and provide for an alternative if liquidation does not occur by the date so set; and (2) if the debtor is an individual, indicate whether the debtor will engage in business after consummation of the plan. (d) Notes. If the plan calls for definite payments to unsecured creditors over time, contain a provision calling for the issuance of promissory notes or individualized statements memorializing the amount of the claims and the payments due over the life of the plan.

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