Home Adversary Proceedings What You Should Know About Revocation of Plan Confirmation

What You Should Know About Revocation of Plan Confirmation

What You Should Know About Revocation of Plan Confirmation

For 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.