☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Confirmation

The court's approval of a reorganization plan in Chapter 11 or 13 — binding all parties. The plan must meet specific statutory requirements including feasibility and good faith.

Category: Bankruptcy · Source: 11 U.S.C. §1129 (Ch. 11), §1325 (Ch. 13)
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