Question

What is the party responsible for confirming a plan of reorganization in a bankruptcy plan typically referred to as?

A) The debtor.
B) The creditors.
C) The bankruptcy court.
D) The trustee.

Answer 1

The bankruptcy court is responsible for confirming a plan of reorganization in a bankruptcy plan.

Step-by-step explanation:

The party responsible for confirming a plan of reorganization in a bankruptcy plan is typically referred to as the bankruptcy court. The bankruptcy court reviews the proposed plan and determines whether it meets the legal requirements for confirmation.