Chapter 11 Discharge For Individual Whose Plan Was Confirmed Under 1191(a) {B3180RV1}

Form 3180RV1 Chapter 11 Discharge for Individual Whose Plan was Confirmed under § 1191(a). This form is an order that the court has granted a discharge of debt to a debtor who has successfully completed their Chapter 11 bankruptcy plan, pursuant to Section 1141(d) of the Bankruptcy Code. Chapter 11 bankruptcy is a type of bankruptcy that allows businesses and individuals to reorganize their finances while still continuing to operate. If the bankruptcy court confirms a debtor's reorganization plan, the debtor may be eligible for a discharge of their debts at the end of the plan period. Section 1141(d) provides the statutory basis for the bankruptcy court to grant a discharge to an individual debtor upon the completion of their Chapter 11 plan. When a bankruptcy court orders that a discharge is granted under Section 1141(d), it means that the debtor's eligible debts have been discharged, meaning that the debtor is no longer personally responsible for repaying them. However, certain debts, such as some tax debts and student loans, may not be dischargeable. The order granting the discharge may also include any other terms or conditions that the court deems necessary. www.FormsWorkflow.com