/biz/ - Business & Finance

>>58193643
To further drive home this point.
>Confirmation does not discharge the debtor if the plan is a liquidation plan, as opposed to one of reorganization, unless the debtor is an individual.

So far we've seen only a liquidation plan and silence in regards to a plan of reorganization, but we know there is definitely a plan because the courts approved a limited discharge for the debtors. Shills will now spam posts and cry I'm wrong and don't know what I'm talking about.

Sources for >>58193643
and this post in regards to discharge in chapter 11 can be found here.
https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

Now, how does one get a discharge in chapter 11? See pic rel straight from the US Courts website.

>Confirmation does not discharge the debtor if the plan is a liquidation plan, as opposed to one of reorganization

And because I know shills will say I don't understand what I'm reading, you only get a discharge if you include a plan for organization, pure liquidation does not constitute a discharge. I will now ask shills to kys.

https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics