the final approval by the bankruptcy court of a debtor's plan of reorganization. Confirmation takes place after the plan has been approved by creditors (Glossary of Common Bankruptcy Terms)The official act of the court in approving a plan or a sale of assets. Also known as an order confirming the plan (or sale). (Bernstein's Dictionary of Bankruptcy Terminology)Approval of a plan of reorganization by a bankruptcy judge. (BankruptcyAction.com)The process by which a plan of reorganization is approved by a Bankruptcy Judge (SA-Bankruptcy.com)The court order which makes the terms of the plan for repayment of debts in a Chapter 11, 12 or 13 binding. The terms of the confirmed plan replace the prepetition rights of the debtor and creditor. (Bankruptcy in Brief)
United Glossary of Bankruptcy Terms 2012.
The official act of the court in approving a plan or a sale of assets. Also known as an order confirming the plan (or sale).
US Bankruptcy 2012.
Glossary of Bankruptcy.