US · rules
Fed. R. Bankr. P. 3014
Chapter 9 or 11—Secured Creditors’ Election to Apply § 1111(b)
(a) TIME FOR AN ELECTION.
(1) Chapter 9 or 11. In a Chapter 9 or 11 case, before a hearing
on the disclosure statement concludes, a class of secured
creditors may elect to apply § 1111(b)(2). If the disclosure statement is conditionally approved under Rule 3017.1 and a final
hearing on it is not held, the election must be made within the
time provided in Rule 3017.1(a)(2). In either situation, the
court may set another time for the election.
(2) Subchapter V of Chapter 11. In a case under Subchapter V
of Chapter 11 in which § 1125 does not apply, the election may
be made no later than a date the court sets.
(b) SIGNED WRITING; BINDING EFFECT. The election must be made
in writing and signed, unless made at the hearing on the disclosure statement. An election made by the majorities required by
§ 1111(b)(1)(A)(i) is binding on all members of the class.
(As amended Apr. 11, 1997, eff. Dec. 1, 1997; Apr. 11, 2022, eff. Dec.
1, 2022; Apr. 2, 2024, eff. Dec. 1, 2024.)
54 Rule 3015 FEDERAL RULES OF BANKRUPTCY PROCEDURE
Provenance
- Source
- uscourts.gov
- Retrieved
- 2026-09-03
- Edition
- 2026-08-19
- Content hash
396386c0e22a5d0829b9141e6a6ea8961c2b91d982f8e0af689000acebb23fee
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