What is a “confirmation hearing”?

A confirmation hearing is a type of court hearing that takes place in Florida when a debtor files for Chapter 11 bankruptcy. During the hearing, the bankruptcy court will decide if the debtor’s proposed plan for managing their debt meets the requirements of the Bankruptcy Code. In order for the plan to be approved, the court must affirm that the debtor is financially solvent, that his or her reorganization plan is feasible, and that the plan will provide creditors with a fair and equitable distribution of the debtor’s assets. If the court finds that the debtor’s proposals do not meet the legal requirements, then the court will make a ruling that disallows the reorganization plan and the debtor must either modify their plan or appeal the decision in higher court. The purpose of the confirmation hearing is to decide whether the debtor’s proposed reorganization plan is fair and equitable to all creditors and is in the best interest of the debtor. If the court approves the proposed plan, then the debtor will be allowed to reorganize their debt and begin the process of recovering their financial stability.

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What is a “confirmation hearing”?

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