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

In West Virginia, a debtor has up to 180 days from the date they filed their Chapter 11 bankruptcy petition to confirm a plan. This time frame may be shortened or lengthened depending on the specific circumstances of the case and the approval of the court. To confirm a plan, the debtor must have the plan accepted by creditors and approved by the court. The plan must provide for the repayment of all debts in full or provide an acceptable alternative to paying in full. Once a plan is proposed, creditors can vote either in favor or against the plan. During this voting period, creditors must also provide the court with details of their claims against the debtor. Based on the voting, the court will decide whether or not to accept the plan. If the plan is accepted, the debtor is required to make payments as stated in the plan. It is important for debtors to keep in mind that the confirmation process in West Virginia’s Chapter 11 bankruptcy law may take several months to complete. The court may also extend the deadline for confirming a plan based on the complexity of the case. Therefore, it is important for debtors to be mindful of the deadlines set forth in the law and to plan accordingly.

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

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