after entry of the confirmation order. One reason for this is that a party can appeal a confirmation order until 10 days after confirmation, and, absent an order to the contrary, the confirmation order is stayed for 10 days pursuant to Bankruptcy Rule 3020(e). Sometimes, however, the plan dictates that the effective date is the confirmation date. In yet other situations, it is the date on which certain specified conditions have been satisfied.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.