Section 1142 - Implementation of Plan
REORGANIZATION – CHAPTER 11
Implementation of Plan –Section 1142
11 USCS § 1142
(a) Notwithstanding any otherwise applicable nonbankruptcy law, rule, or regulation relating to financial condition, the debtor and any entity organized or to be organized for the purpose of carrying out the plan shall carry out the plan and shall comply with any orders of the court.
(b) The court may direct the debtor and any other necessary party to execute or deliver or to join in the execution or delivery of any instrument required to effect a transfer of property dealt with by a confirmed plan, and to perform any other act, including the satisfaction of any lien, that is necessary for the consummation of the plan.
The US Bankruptcy Code is a uniformed set of laws in place for anyone filing bankruptcy. Typically, you would find the Code, aka Title 11, in a library or law office. But Sagaria Law has provided it here for use for anyone with access to the internet. We are proud to offer the US Bankruptcy Code in an unedited version for those seeking more bankruptcy knowledge. Please enjoy!
Listen up, Socal! Sagaria Law serves the bankruptcy needs of San Diego and North San Diego counties in our Carlsbad bankruptcy firm. Spread the word to any of your friends and family that are looking for relief from their debt. Call today!