§1186 — Title 11 Bankruptcy | U.S. Code

Summary

When a bankruptcy plan is approved under the special confirmation rules, the property that belongs to the bankruptcy case includes not just the usual items but also anything similar the debtor acquires after the case starts and any pay the debtor earns from work after the case starts. Those additions count only until the case is closed, dismissed, or changed into a case under chapter 7, 12, or 13, whichever happens first. Except for a narrow exception found elsewhere in the law, once the plan is approved the debtor keeps possession of all property that belongs to the bankruptcy case.

Title 11, §1186

Bankruptcy — Source: USLM XML via OLRC

(a)If a plan is confirmed under section 1191(b) of this title, property of the estate includes, in addition to the property specified in section 541 of this title—

(1)all property of the kind specified in that section that the debtor acquires after the date of commencement of the case but before the case is closed, dismissed, or converted to a case under chapter 7, 12, or 13 of this title, whichever occurs first; and

(2)earnings from services performed by the debtor after the date of commencement of the case but before the case is closed, dismissed, or converted to a case under chapter 7, 12, or 13 of this title, whichever occurs first.

(b)Except as provided in section 1185 of this title, a plan confirmed under this subchapter, or an order confirming a plan under this subchapter, the debtor shall remain in possession of all property of the estate.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective 180 days after Aug. 23, 2019, see section 5 of Pub. L. 116–54, set out as an

Effective Date

of 2019 Amendment note under section 101 of this title.

§1186 Property of the estate

Summary

Title 11, §1186

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Effective Date

Citations & Metadata