Oren L. Benton - Page 13

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          explained that “At confirmation, all the property of the estate             
          is vested in the debtor, thereby terminating the estate’s                   
          existence, although the court has continued jurisdiction under              
          section 1142 to oversee the plan’s execution.”  Id. at 372 (fn.             
          ref. omitted).  The principle that an estate terminates upon                
          confirmation of the plan of reorganization is one that is widely            
          held amongst the bankruptcy courts.  See, e.g., In re Walker, 198           
          Bankr. 476 (Bankr. E.D. Va. 1996); Cook v. Chrysler Credit Corp.,           
          174 Bankr. 321 (M.D. Ala. 1994); In re Mold Makers, Inc., 124               
          Bankr. 766 (Bankr. W.D. Ill. 1990); Marine Iron & Shipbuilding              
          Co. v. City of Duluth, 104 Bankr. 976 (D. Minn. 1989); In re Tri-           
          L Corp., 65 Bankr. 774 (Bankr. D. Utah 1986).                               
               In a similar vein, it was held in Gen. Elec. Credit Corp. v.           
          Nardulli & Sons, Inc., 836 F.2d 184, 190 (3d Cir. 1988), that               
          “Insolvency proceedings terminate upon confirmation of a plan of            
          reorganization, or on the effective date or consummation date of            
          the plan, if provided for in the plan.”  The specific issue                 
          considered in that chapter 11 bankruptcy proceeding was whether a           
          creditor’s perfected security interest had expired.  As a                   
          threshold to the primary issue, the court had to decide when the            
          insolvency proceeding terminated.                                           
               Likewise, it was held that a bankruptcy court’s                        
          postconfirmation jurisdiction was limited to matters concerning             
          the operation of the confirmed plan and did not extend to                   

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