What is a “confirmation hearing”?

A confirmation hearing is a hearing that takes place as part of a creditors’ rights lawsuit in California. In this hearing, the court will confirm, or approve, a proposed plan at the request of the creditor or the debtor. The plan is typically a settlement agreement between the creditor and the debtor, where the debtor agrees to pay a certain amount of debt to the creditor in exchange for the release of some or all of the debt. The confirmation hearing gives the court an opportunity to review the creditor and debtor’s proposed plan and see if it is fair and reasonable. The court must also ensure that the plan is in the best interest of all parties involved. During the hearing, the court may ask both parties questions about the agreement and how it will be executed. The court may also hear arguments from both parties. Once the court has determined that the proposed plan is fair and reasonable, it will order the parties to implement the plan. If the court finds that the plan is not in the best interest of all parties involved, the court will deny the plan and order the parties to go back to the negotiating table. The parties may also be ordered to make changes to the proposed plan before it can be confirmed.

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What is a “confirmation hearing”?

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