---
title: "Compare a restructuring term sheet with the plan contents and confirmation tests"
url: "https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/draft-a-deed-of-company-arrangement-or-comparable-restructuring-deed/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A8-T1-R4-US"
practice_area: "Insolvency, Restructuring & Bankruptcy"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Compare a restructuring term sheet with the plan contents and confirmation tests

> Turn the term sheet into a checklist against the plan contents and confirmation paragraphs the lawyer names. Draft no plan.

Canonical page: https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/draft-a-deed-of-company-arrangement-or-comparable-restructuring-deed/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Insolvency, Restructuring & Bankruptcy](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Turn the term sheet into a checklist against the plan contents and confirmation paragraphs the lawyer names. Draft no plan. |
| What the lawyer must review | A subchapter V plan must contain the history, liquidation analysis and projections in § 1190(1), and the future-earnings provision in § 1190(2). Confirmation in chapter 11 is § 1129. Section 1129(a)(7) requires, for each impaired class, acceptance or retention of property of a value, as of the effective date, not less than the holder would receive or retain in a chapter 7 liquidation, with the § 1111(b)(2) alternative. Section 1129(a)(11) requires that confirmation is not likely to be followed by liquidation or further financial reorganisation unless the plan proposes that. The lawyer writes the plan and the confirmation submission. A plan paper presented to the bankruptcy court is certified under Rule 9011(b). There is no deed of company arrangement in the Bankruptcy Code. |
| Written for | United States |
| Applies to | [Draft a deed of company arrangement or comparable restructuring deed](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/draft-a-deed-of-company-arrangement-or-comparable-restructuring-deed.md) |

## Checking plan

- What the AI does: Turn the term sheet into a checklist against the plan contents and confirmation paragraphs the lawyer names. Draft no plan.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Subchapter V confirmation is § 1191, which was not the text opened here. Do not treat every § 1129 paragraph as unchanged in a subchapter V case. Open § 1191 before a subchapter V confirmation hearing.
- Section 1188’s status conference is not later than 60 days after the order for relief unless extended. A term-sheet timetable that ignores it is incomplete.

## Sources

- [11 U.S.C. § 1190, contents of a subchapter V plan](https://www.law.cornell.edu/uscode/text/11/1190) (checked 2026-10-22)
- [11 U.S.C. § 1129, confirmation of a plan](https://www.law.cornell.edu/uscode/text/11/1129) (checked 2026-10-22)
- [Federal Rule of Bankruptcy Procedure 9011](https://www.law.cornell.edu/rules/frbp/rule_9011) (checked 2026-10-22)
- [11 U.S.C. § 1188, status conference](https://www.law.cornell.edu/uscode/text/11/1188) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [Deed of company arrangement: key terms and execution checklist (s 444A and s 444DA)](https://ailawframework.com/precedents/insolvency-restructuring-and-bankruptcy/deed-of-company-arrangement-terms-checklist.md) | Checklist | Yellow | A checklist for preparing or reviewing a deed of company arrangement: the matters s 444A requires the instrument to specify, the s 444DA employee priority rule, the commercial terms of the proposal,… |

Signed-in accounts can read the full text of each one.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*