Bankruptcy Code Section 1122

Title 11 - BANKRUPTCY
CHAPTER 11 - REORGANIZATION
SUBCHAPTER II - THE PLAN
Sec. 1122 - Classification of claims or interests

§1122. Classification of claims or interests

(a) Except as provided in subsection (b) of this section, a plan may place a claim or an interest in a particular class only if such claim or interest is substantially similar to the other claims or interests of such class.

(b) A plan may designate a separate class of claims consisting only of every unsecured claim that is less than or reduced to an amount that the court approves as reasonable and necessary for administrative convenience.

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