Except as provided in Rule 3020(e), after a plan is confirmed, distribution shall be made to creditors whose claims have been allowed, to interest holders whose interests have not been disallowed, and to indenture trustees who have filed claims under Rule 3003(c)(5) that have been allowed. For purposes of this rule, creditors include holders of bonds, debentures, notes, and other debt securities, and interest holders include the holders of stock and other equity securities, of record at the time of commencement of distribution, unless a different time is fixed by the plan or the order confirming the plan.
(As amended Apr. 11, 1997, eff. Dec. 1, 1997; Apr. 26, 1999, eff. Dec. 1, 1999.)
added in current removed in current
Compared to current version (2025).
Except as provided in Rule 3020(e), after a plan is confirmed, distribution shall be made to(a) In General. After confirmation and when any stay under Rule 3020(e) expires, payments under the plan must be distributed to: • creditors whose claims have been allowed, to; • interest holders whose interests have not been disallowed,; and to• indenture trustees who have filedse claims under Rule 3003(c)(5) that have been allowed. For purposes of
(b) Definition of ‘‘Creditors ’’ and ‘‘Interest Holders.’’ In this rRule, 3021:
(1) ‘‘creditors’’ include record holders of bonds, debentures, notes, and other debt securities, and as of the initial distribution date, unless the plan or confirmation order states a different date; and
(2) ‘‘interest holders’’ include therecord holders of stock and other equity securities, as of record at the time of commencement ofthe initial distribution date, unless a different time is fixed by the plan or the order confirming the planthe plan or confirmation order states a different date.
(As amended Apr. 11, 1997, eff. Dec. 1, 1997; Apr. 26, 1999, eff. Dec. 1, 1999; Apr. 2, 2024, eff. Dec. 1, 2024.)