Section 1173 - Confirmation of Plan


Title 11 of the United States Code - Bankruptcy
REORGANIZATION – CHAPTER 11


Confirmation of Plan –Section 1173
11 USCS § 1173



(a) The court shall confirm a plan if--
   (1) the applicable requirements of section 1129 of this title [11 USCS § 1129] have been met;
   (2) each creditor or equity security holder will receive or retain under the plan property of a value, as of the effective date of the plan, that is not less than the value of property that each such creditor or equity security holder would so receive or retain if all of the operating railroad lines of the debtor were sold, and the proceeds of such sale, and the other property of the estate, were distributed under chapter 7 of this title [11 USCS §§ 701 et seq.] on such date;
   (3) in light of the debtor's past earnings and the probable prospective earnings of the reorganized debtor, there will be adequate coverage by such prospective earnings of any fixed charges, such as interest on debt, amortization of funded debt, and rent for leased railroads, provided for by the plan; and
   (4) the plan is consistent with the public interest.
 
(b) If the requirements of subsection (a) of this section are met with respect to more than one plan, the court shall confirm the plan that is most likely to maintain adequate rail service in the public interest.


Don’t let the size of bankruptcy get you down.  Sagaria Law understands that bankruptcy can be a big topic that scares most. Why wouldn’t it? The financial stability of you and your family is vital. So is arming yourself with knowledge. That is why we have the US Bankruptcy Code available here for those that are curious about bankruptcy both as an opportunity for their personal fresh start and as a legal reference.   Other bankruptcy firms do not offer this on their website, but we know that you want to make the most informed decision possible when it comes to your future and that of your family.
San Jose, Sunnyvale, Gilroy, Morgan Hill and the entire Santa Clara Valley: Sagaria Law wants you to know that our San Jose corporate office is available to all of the South Bay for bankruptcy services.  Call us today!

Attorney Consultation!! $99 Retainer Fee!! Free Bankruptcy Evaluation
Motivation Bills Assets Budget
The law varies from state-to-state — please provide your zip code!

Why are you considering bankruptcy? (select all that apply)









Motivation Bills Assets Budget

What bills do you have? (select all that apply)








Motivation Bills Assets Budget
Do you own real estate ?
If Yes , are you behind in these payments?


Do you own an automobile ?
If Yes , are you behind in these payments?


Do you have any additional assets worth more than $1000.00?
Motivation Bills Assets Budget

What types of income do you have? (select all that apply)






$
Contact Info Your Evaluation

Call For A Consultation

toll free: 1-866-447-8460