How long does a debtor have to confirm a plan in a Chapter 11 bankruptcy?

In Arizona, a debtor has up to 180 days from the date of the filing of the Chapter 11 Bankruptcy petition to confirm a plan. A confirmation hearing will then be set within 90 days from the filing date. The debtor can file a motion to extend the confirmation deadline if more time is needed, but the court must approve the request. The confirmation hearing is an important step in the process, as it is one of the last chances for the debtor to make adjustments to the plan that has been proposed in the filing documents. At the hearing, creditors can also object to the plan, and the court will decide whether or not to approve or deny the plan for confirmation. Once the plan has been approved by the court, the debtor will have to make payments according to the terms of the plan. This typically involves payments in monthly installments over the course of three to five years, until the entire debt has been repaid. The debtor must also comply with other terms of the plan, such as attending credit counseling classes, which will help them stay on track with their financial obligations. Overall, the length of time it takes to confirm a plan in a Chapter 11 bankruptcy varies depending on the individual circumstances of the case. However, in Arizona, a debtor generally has up to 180 days from the filing date to confirm a plan.

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How long does a debtor have to confirm a plan in a Chapter 11 bankruptcy?

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