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

In Florida, a debtor has 180 days to confirm a plan in a Chapter 11 bankruptcy. A confirmation order is a court order that states the plan meets the legal requirements for confirmation. This is an important order, as the plan is not fully effective until it is approved by the court. The 180 days to confirm a plan in Chapter 11 is set out in the Bankruptcy Code. Once the debtor files a plan, the court will schedule a hearing on the plan, typically 90 days after the initial filing. At the hearing, the court will review the plan’s legal and financial details, and can either confirm, reject or modify the plan. If the court approves the plan, the debtor has 90 days to implement the plan and make all necessary payments. This can be a long process, as the debtor must have the plan accepted by all creditors and must make all payments according to the terms of the plan. For this reason, it’s important for debtors to stay organized and on track throughout the process. If the debtor fails to confirm a plan within the allotted 180 days, the bankruptcy case may be dismissed.

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

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