Chapter 11 For Corporation Or Partnership Whose Plan Was Confirmed Under 1191(b) {B3180RV3}

Form 3180RV3 For Corporation or Partnership Whose Plan was Confirmed under § 1191(b). This form is used in Chapter 11 bankruptcy cases to order a discharge for a corporation or partnership whose Chapter 11 plan has been confirmed under Section 1191(b) of the Bankruptcy Code. Once the corporation or partnership has completed all payments due under their confirmed plan, the court may grant them a discharge of their debts as provided for in Section 1192 of the Bankruptcy Code. The form typically includes information about the bankruptcy case, such as the debtor's name, the bankruptcy case number, and the date of the order confirming the debtor's plan under Section 1191(b). It also includes a statement that the debtor has completed all payments due under the plan and requests that the court enter an order granting the debtor a discharge of their debts as provided for in Section 1192 of the Bankruptcy Code. The discharge of a corporation or partnership's debts in bankruptcy does not necessarily eliminate all of their financial obligations. Certain debts, such as those not dischargeable under Section 523(a) of the Bankruptcy Code, may survive the bankruptcy and continue to be owed by the debtor. Additionally, liens on property and certain other obligations may also survive bankruptcy. It is advisable to consult with a bankruptcy attorney to fully understand the implications of a bankruptcy discharge and to ensure that the debtor's rights are protected throughout the bankruptcy process. www.FormsWorkflow.com