Rule 3021 — Distributing Funds Under a Plan

Fed. R. Bankr. P. 3021

• Source: Federal Rules of Bankruptcy Procedure
• Rule: 3021
• PART X: [ABROGATED]
• Citation: 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.

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.)