Fed. R. Bankr. P. 3021

Distributing Funds Under a Plan

(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; • 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 .)