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U.S. Code as of:
01/19/04
Section 1141. Effect of confirmation
(a) Except as provided in subsections (d)(2) and (d)(3) of this
section, the provisions of a confirmed plan bind the debtor, any
entity issuing securities under the plan, any entity acquiring
property under the plan, and any creditor, equity security holder,
or general partner in the debtor, whether or not the claim or
interest of such creditor, equity security holder, or general
partner is impaired under the plan and whether or not such
creditor, equity security holder, or general partner has accepted
the plan.
(b) Except as otherwise provided in the plan or the order
confirming the plan, the confirmation of a plan vests all of the
property of the estate in the debtor.
(c) Except as provided in subsections (d)(2) and (d)(3) of this
section and except as otherwise provided in the plan or in the
order confirming the plan, after confirmation of a plan, the
property dealt with by the plan is free and clear of all claims and
interests of creditors, equity security holders, and of general
partners in the debtor.
(d)(1) Except as otherwise provided in this subsection, in the
plan, or in the order confirming the plan, the confirmation of a
plan -
(A) discharges the debtor from any debt that arose before the
date of such confirmation, and any debt of a kind specified in
section 502(g), 502(h), or 502(i) of this title, whether or not -
(i) a proof of the claim based on such debt is filed or
deemed filed under section 501 of this title;
(ii) such claim is allowed under section 502 of this title;
or
(iii) the holder of such claim has accepted the plan; and
(B) terminates all rights and interests of equity security
holders and general partners provided for by the plan.
(2) The confirmation of a plan does not discharge an individual
debtor from any debt excepted from discharge under section 523 of
this title.
(3) The confirmation of a plan does not discharge a debtor if -
(A) the plan provides for the liquidation of all or
substantially all of the property of the estate;
(B) the debtor does not engage in business after consummation
of the plan; and
(C) the debtor would be denied a discharge under section 727(a)
of this title if the case were a case under chapter 7 of this
title.
(4) The court may approve a written waiver of discharge executed
by the debtor after the order for relief under this chapter.
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