FEDERAL · 11 U.S.C. · Chapter SUBCHAPTER II—THE PLAN
Classification of claims or interests
11 U.S.C. § 1122
Title11 — Bankruptcy
ChapterSUBCHAPTER II—THE PLAN
This text of 11 U.S.C. § 1122 (Classification of claims or interests) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
11 U.S.C. § 1122.
Text
(a)Except as provided in subsection (b) of this section, a plan may place a claim or an interest in a particular class only if such claim or interest is substantially similar to the other claims or interests of such class.
(b)A plan may designate a separate class of claims consisting only of every unsecured claim that is less than or reduced to an amount that the court approves as reasonable and necessary for administrative convenience.
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Source Credit
History
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2631.)
Editorial Notes
Historical and Revision Notes
senate report no. 95–989
This section codifies current case law surrounding the classification of claims and equity securities. It requires classification based on the nature of the claims or interests classified, and permits inclusion of claims or interests in a particular class only if the claim or interest being included is substantially similar to the other claims or interests of the class.
Subsection (b), also a codification of existing practice, contains an exception. The plan may designate a separate class of claims consisting only of every unsecured claim that is less than or reduced to an amount that the court approves as reasonable and necessary for administrative convenience.
senate report no. 95–989
This section codifies current case law surrounding the classification of claims and equity securities. It requires classification based on the nature of the claims or interests classified, and permits inclusion of claims or interests in a particular class only if the claim or interest being included is substantially similar to the other claims or interests of the class.
Subsection (b), also a codification of existing practice, contains an exception. The plan may designate a separate class of claims consisting only of every unsecured claim that is less than or reduced to an amount that the court approves as reasonable and necessary for administrative convenience.
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11 U.S.C. § 1122, Counsel Stack Legal Research, https://law.counselstack.com/usc/11/1122.