San Marino Bankruptcy Attorney, Bankruptcy Lawyer, Bankruptcy Code 11 USC Section 1144

TITLE 11 - BANKRUPTCY
CHAPTER 11 - REORGANIZATION
    SUBCHAPTER III - POSTCONFIRMATION MATTERS

-HEAD-
    Sec. 1144. Revocation of an order of confirmation

-STATUTE-
      On request of a party in interest at any time before 180 days
    after the date of the entry of the order of confirmation, and after
    notice and a hearing, the court may revoke such order if and only
    if such order was procured by fraud. An order under this section
    revoking an order of confirmation shall - 
        (1) contain such provisions as are necessary to protect any
      entity acquiring rights in good faith reliance on the order of
      confirmation; and
        (2) revoke the discharge of the debtor.

-SOURCE-
    (Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2639; Pub. L. 98-353, title
    III, Sec. 515, July 10, 1984, 98 Stat. 387.)


                       HISTORICAL AND REVISION NOTES                   

                         SENATE REPORT NO. 95-989                     
      If an order of confirmation was procured by fraud, then the court
    may revoke the order on request of a party in interest if the
    request is made before 180 days after the date of the entry of the
    order of confirmation. The order revoking the order of confirmation
    must revoke the discharge of the debtor, and contain such
    provisions as are necessary to protect any entity acquiring rights
    in good faith reliance on the order of confirmation.

                                AMENDMENTS                            
      1984 - Pub. L. 98-353 inserted "if and only" after "revoke such
    order".

                     EFFECTIVE DATE OF 1984 AMENDMENT                 
      Amendment by Pub. L. 98-353 effective with respect to cases filed
    90 days after July 10, 1984, see section 552(a) of Pub. L. 98-353,
    set out as a note under section 101 of this title.

-End-
Professional Membership
