Rule 3022, Final Decree, I believe distributions have to start happening before bankruptcy closure.
Rule 3022. Final Decree
Section 350 of the Code requires the court to close the case after the estate is fully administered and the trustee has been discharged.
If the plan or confirmation order provides that the case shall remain open until a certain date or event because of the likelihood that the court's jurisdiction may be required for specific purposes prior thereto, the case should remain open until that date or event.
Rule 3022-1
Final Report/Decree B Chapter 11
(a) Filing of Application for Final Decree. A plan proponent in a chapter 11 case has the continuing post-confirmation duty of preparing and prosecuting the application for a final decree closing the case.
(b) Deadline for Filing Final Report and Application for Entry of Final Decree. Unless otherwise provided in the confirmation order, the proponent of the plan shall file a Final Report and Motion for Entry of Final Decree not later than 90 days after the order confirming the plan becomes final. If the application is not filed within the afore-specified time period, the plan proponent must comply with LBR 2015-2(b).
(c) Form of Application for Final Decree. The application for a final decree closing a chapter 11 case must contain, at a minimum, the following statements:
(1) that the plan of reorganization has been substantially consummated in accordance with the plan, the order of confirmation, and any orders of the court subsequent toconfirmation;
(2) that the debtor or trustee has paid all administrative expenses B including courtauthorized professional compensation and costs B unless otherwise agreed in writing by the parties or unless otherwise provided for in the confirmed plan, as evidenced by an attached AExhibit A@ listing the names, addresses, and amounts paid to each of the recipients;
(3) that the debtor or trustee has commenced making the distributions prescribed by the plan, as evidenced by an attached AExhibit B,@ listing the names, addresses, and amounts paid to each of the recipients;
(4) that all remaining distributions prescribed by the plan will be made in accordance thereto, as evidenced by an attached AExhibit C,@ containing the names, addresses, and amounts to be paid to each of the recipients;
(5) if applicable, that distributions have not been made to recipients set forth in an attached AExhibit D,@ listing the names, addresses, and amounts tendered but returned, and the reasons why payments have not been made, despite reasonable attempts; and
(6) all motions, contested matters, and adversary proceedings have been finally resolved.
(d) Objections to Application for Final Decree. Any party in interest, including the United States trustee, may object to any application for a final decree within twenty-one (21) days from the date of filing.
Section 1143 - you have to surrender your securities within a 5 year period after confirmation of the Plan if not you will not get any distributions, PERIOD. SHIAT OUT OF LUCK!!
