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2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 944 Effect of confirmation us united_states_code code_section 11 BANKRUPTCY 9 ADJUSTMENT OF DEBTS OF A MUNICIPALITY 944 11 U.S.C. § 944 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc11@119-100.zip /us/usc/t11/s944 data/legal/raw/us/code/title-11/usc11.xml fa80cdaef47d3f8b2cf5c6156d4649bef460e27f165d7bc6d6e58afd3e010909 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 2eee55e25f8c19ff51d5a83623bec06b7ae24c6d6d86286a4a17e6400669eac3 2026-07-04 official
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11 U.S.C. § 944 - Effect of confirmation

Text

(a) The provisions of a confirmed plan bind the debtor and any creditor, whether or not—

(1) a proof of such creditors claim is filed or deemed filed under section 501 of this title;

(2) such claim is allowed under section 502 of this title; or

(3) such creditor has accepted the plan.

(b) Except as provided in subsection (c) of this section, the debtor is discharged from all debts as of the time when—

(1) the plan is confirmed;

(2) the debtor deposits any consideration to be distributed under the plan with a disbursing agent appointed by the court; and

(3) the court has determined—

(A) that any security so deposited will constitute, after distribution, a valid legal obligation of the debtor; and

(B) that any provision made to pay or secure payment of such obligation is valid.

(c) The debtor is not discharged under subsection (b) of this section from any debt—

(1) excepted from discharge by the plan or order confirming the plan; or

(2) owed to an entity that, before confirmation of the plan, had neither notice nor actual knowledge of the case.

(Pub. L. 95598, Nov. 6, 1978, 92 Stat. 2624.)

Notes

Historical and Revision Notes

senate report no. 95989[Section 947] Subsection (a) [enacted as section 944(a)] makes the provisions of a confirmed plan binding on the debtor and creditors. It is derived from section 95(a) of chapter 9 [section 415(a) of former title 11]. Subsections (b) and (c) [enacted as section 944(b) and (c)] provide for the discharge of a municipality. The discharge is essentially the same as that granted under section 95(b) of the Bankruptcy Act [section 415(b) of former title 11].