Federal Rules of Bankruptcy Procedure
Rule 3021 — Distributing Funds Under a Plan
Fed. R. Bankr. P. 3021
Fed. R. Bankr. P. 3021 (Distributing Funds Under a Plan) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Bluebook
Fed. R. Bankr. P. 3021.
Text
(a)IN GENERAL. After confirmation and when any stay under
Rule 3020(e) expires, payments under the plan must be distributed
to:
• creditors whose claims have been allowed;
• interest holders whose interests have not been disallowed;
and
• indenture trustees whose claims under Rule 3003(c)(5) have
been allowed.
(b)DEFINITION OF ‘‘CREDITORS’’ AND ‘‘INTEREST HOLDERS.’’ In this
Rule 3021:
(1)‘‘creditors’’ include record holders of bonds, debentures,
notes, and other debt securities as of the initial distribution
date, unless the plan or confirmation order states a different
date; and
(2)‘‘interest holders’’ include record holders of stock and
other equity securities as of the initial distribution date, un-
less the plan or confirmation order states a different date.
Free access — add to your briefcase to read the full text and ask questions with AI
Advisory Committee Notes
(As amended Apr. 11, 1997, eff. Dec. 1, 1997; Apr. 26, 1999, eff. Dec. 1, 1999; Apr. 2, 2024, eff. Dec. 1, 2024.)