2012 US Code
Title 11 - Bankruptcy
Chapter 11 - REORGANIZATION (§§ 1101 - 1174)
Subchapter II - THE PLAN (§§ 1121 - 1129)
Section 1122 - Classification of claims or interests
| Publication Title | United States Code, 2012 Edition, Title 11 - BANKRUPTCY |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 11 - BANKRUPTCY CHAPTER 11 - REORGANIZATION SUBCHAPTER II - THE PLAN Sec. 1122 - Classification of claims or interests |
| Contains | section 1122 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2631. |
| Statutes at Large Reference | 92 Stat. 2631 |
| Public Law Reference | Public Law 95-598 |
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(a) Except as provided in subsection (b) of this section, a plan may place a claim or an interest in a particular class only if such claim or interest is substantially similar to the other claims or interests of such class.
(b) A plan may designate a separate class of claims consisting only of every unsecured claim that is less than or reduced to an amount that the court approves as reasonable and necessary for administrative convenience.
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2631.)
Historical and Revision Notes senate report no. 95–989This section codifies current case law surrounding the classification of claims and equity securities. It requires classification based on the nature of the claims or interests classified, and permits inclusion of claims or interests in a particular class only if the claim or interest being included is substantially similar to the other claims or interests of the class.
Subsection (b), also a codification of existing practice, contains an exception. The plan may designate a separate class of claims consisting only of every unsecured claim that is less than or reduced to an amount that the court approves as reasonable and necessary for administrative convenience.
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