Bankruptcy Plan Term (3 to 5 Years) — A Comparison Of Statutes
By: Donald L Swanson Subchapter V of Chapter 11 authorizes a reorganization plan to have a term of three to five years. Here is the precise language involved, in § 1191(c)(2)(A)&(B): “in the 3-year period, or such longer period not to exceed 5 years