Books and Journals §42.06 Bad Faith and Abusive Filings

§42.06 Bad Faith and Abusive Filings

Document Cited Authorities (2) Cited in Related

§ 42.06 BAD FAITH AND ABUSIVE FILINGS

Although there is no provision in the Bankruptcy Code requiring a case be filed in good faith, good faith is a required element of plan confirmation in the restructuring chapters. See 11 U.S.C. §§ 1129(a)(3), 1225(a)(3), 1325(a)(3). Because good faith is required for confirmation of a plan, a restructuring filed in bad faith will be dismissed because a plan would be patently unconfirmable.

Even if bad faith in a Chapter 7 case does not necessarily dictate that a case should be dismissed, it is a factor...

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