Series 79: 14.3.2.2. Confirmation

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 must show in c