Lehman Brothers Financial SA (LEHNQ)

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What happens in a Chapter 11 bankruptcy after the plan is confirmed?

Confirmation of a plan under Chapter 11 acts as a discharge of all debts, filed or not, excluding those specified as not dischargeable elsewhere in the bankruptcy code. Upon confirmation of a plan, the debtor receives back all his property free and clear of all liens and encumbrances unless such liens are preserved by the plan. Both the debtor and the creditors are bound by the terms of the confirmed plan.

http://www.thevictorialawgroup.com/practice-areas/bankruptcy-faq-2/chapter-11creditors-rights/ (see bottom of page)