Series 79: 14.3.2.2. Confirmation

Taken from our Series 79 Online Guide

14.3.2.2. Confirmation

Whatever the results of the voting, the next step is for the court to hold a confirmation hearing. Final approval from the court, known as confirmation, is still required even if the creditors strongly support the plan.

If at least one impaired class of creditors voted for the plan, but other classes voted against it, then there is an extra step before the court can confirm the plan. The debtor

Since you're reading about Series 79: 14.3.2.2. Confirmation, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!