Confirmed or Confirmation

Confirmation is the act of approving a chapter 11 plan by the Bankruptcy Court. Section 1129 of the Bankruptcy Code, in the context of a Traditional Chapter 11, requires the Bankruptcy Court to make a number of specific findings to “confirm” (approve) a plan and make it binding on all parties. They include determinations that the plan complies with all applicable law and has been proposed in good faith. See Bankruptcy Code §1129(a)(1)-(3). The Bankruptcy Court must also determine that the plan is feasible (i.e., that confirmation is not likely to be followed by liquidation). See Bankruptcy Code §1129(a)(11).

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