11-U.S.C.-1327

11-U.S.C.-1327

§1327 – Effect of Confirmation

Pathway

Title 11 > Chapter 13 > Subchapter II > Section 1327

Details

  • Reference: Section 1327
  • Legend: §1327 – Effect of Confirmation
  • USCode Year: 2013

Provision Content

(a) The provisions of a confirmed plan bind the debtor and each creditor, whether or not the claim of such creditor is provided for by the plan, and whether or not such creditor has objected to, has accepted, or has rejected the plan.

(b) Except as otherwise provided in the plan or the order confirming the plan, the confirmation of a plan vests all of the property of the estate in the debtor.

(c) Except as otherwise provided in the plan or in the order confirming the plan, the property vesting in the debtor under subsection (b) of this section is free and clear of any claim or interest of any creditor provided for by the plan.

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2650.)

Historical and Revision Notes

senate report no. 95–989

Subsection (a) binds the debtor and each creditor to the provisions of a confirmed plan, whether or not the claim of the creditor is provided for by the plan and whether or not the creditor has accepted, rejected, or objected to the plan. Unless the plan itself or the order confirming the plan otherwise provides, confirmation is deemed to vest all property of the estate in the debtor, free and clear of any claim or interest of any creditor provided for by the plan.

U.S. Encyclopedia of Law Coverage

11-U.S.C.-1322 in the Legal Encyclopedia: Bankruptcy

In this entry about 11-U.S.C.-1322, find legal reference material, bibliographies and premiere content related to bankruptcy in the American Encyclopedia of Law, presenting a comprehensive view of the United States bankruptcy-specific issues, written by authorities in the field.

11-U.S.C.-1230 in the Legal Encyclopedia: Adjustment of Debts

In this entry about 11-U.S.C.-1230, find legal reference material, bibliographies and premiere content related to adjustment of debts in the American Encyclopedia of Law, presenting a comprehensive view of the United States adjustment of debts-specific issues, written by authorities in the field.

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