United States Code
USC most recently checked for updates: Jun 09, 2025
Rule 3021.
Distributing Funds Under a Plan
(a)
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;
• interest holders whose interests have not been disallowed; and
• indenture trustees whose claims under Rule 3003(c)(5) have been allowed.
(b)
Definition of “Creditors” and “Interest Holders.”
In this Rule 3021:
(1)
“creditors” include record holders of bonds, debentures, notes, and other debt securities as of the initial distribution date, unless the plan or confirmation order states a different date; and
(2)
“interest holders” include record holders of stock and other equity securities as of the initial distribution date, unless the 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 .)
