Bankruptcy Code Section 1122

Title 11 - BANKRUPTCY

CHAPTER 11 - REORGANIZATION

SUBCHAPTER II - THE PLAN

Sec. 1122 - Classification of claims or interests

§1122. Classification of claims or interests

(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.

Disclaimer: This code section may not be current. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site.