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48 U.S.C. § 2178 — Filing of plan of adjustment

Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2178 — Filing of plan of adjustment

**(a) Exclusivity** Only the Oversight Board, after the issuance of a certificate pursuant to [section 2124(j) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2124/j&num=0&edition=prelim), may file a plan of adjustment of the debts of the debtor. **(b) Deadline for filing plan** If the Oversight Board does not file a plan of adjustment with the petition, the Oversight Board shall file a plan of adjustment at the time set by the court.

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Stable record: federal_law:legal_authorities:record_usc_2fe9460735e34adf5640ee6e
Source file: Laws/federal/codes/united-states-code/title-48/section-2178-filing-of-plan-of-adjustment--c840dc31b1.md
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Source location: Title 48, Chapter 20, § 2178; chapter-020-puerto-rico-oversight-management-and-economic-stability.md

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**(a) Exclusivity** Only the Oversight Board, after the issuance of a certificate pursuant to [section 2124(j) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2124/j&num=0&edition=prelim), may file a plan of adjustment of the debts of the debtor. **(b) Deadline for filing plan** If the Oversight Board does not file a plan of adjustment with the petition, the Oversight Board shall file a plan of adjustment at the time set by the court.

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2121 — Effective date

**(a) In general** Except as provided in subsection (b), this chapter shall take effect on June 30, 2016. **(b) Subchapter III and Subchapter VI** (1) Subchapter III shall apply with respect to cases commenced under subchapter III on or after June 30, 2016. (2) Subchapters III and VI shall apply with respect to debts, claims, and liens (as such terms are defined in [section 101 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section101&num=0&edition=prelim)) created before, on, or after such date.

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2178 — Disclosure by professional persons seek-

Page 373 TITLE 48—TERRITORIES AND INSULAR POSSESSIONS § 2178 1 See References in Text note below. § 2175. Role and capacity of Oversight Board (a) Actions of Oversight Board For the purposes of this subchapter, the Over- sight Board may take any action necessary on behalf of the debtor to prosecute the case of the debtor, including— (1) filing a petition under section 2164 of this title; (2) submitting or modifying a plan of adjust- ment under sections 2172 and 2173 of this title; or (3) otherwise generally submitting filings in relation to the case with the court. (b) Representative of debtor The Oversight Board in a case under this sub- chapter is the representative of the debtor. (Pub. L. 114–187, title III, § 315, June 30, 2016, 130 Stat. 584.) § 2176. Compensation of professionals (a) Compensation for services rendered and re- imbursement for expenses After notice to the parties in interest and the United States Trustee and a hearing, the court may award to a professional person employed by the debtor (in the debtor’s sole discretion), the Oversight Board (in the Oversight Board’s sole discretion), a committee under section 1103 of title 11, or a trustee appointed by the court under section 926 of title 11— (1) reasonable compensation for actual, nec- essary services rendered by the professional person, or attorney and by any paraprofes- sional person employed by any such person; and (2) reimbursement for actual, necessary ex- penses. (b) Award of compensation less than amount re- quested The court may, on its own motion or on the motion of the United States Trustee or any other party in interest, award compensation that is less than the amount of compensation that is requested. (c) Factors considered In determining the amount of

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