In a Chapter 13 case, the debtor’s repayment plan must be confirmed by the bankruptcy court before it is permanent and effective. Before a plan is confirmed, creditors and other interested parties may object to its terms. If a creditor or the trustee takes issue with the Chapter 13 plan, the court will hold a confirmation hearing to decide the issues.
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Bankruptcy Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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