Section 1223 - Modification of Plan Before Confirmation
Title 11 of the United States Code - Bankruptcy
ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN WITH REGULAR ANNUAL INCOME – CHAPTER 12
Modification of Plan Before Confirmation –Section 1223
11 USCS § 1223
(a) The debtor may modify the plan at any time before confirmation, but may not modify the plan so that the plan as modified fails to meet the requirements of section 1222 of this title [11 USCS § 1222].
(b) After the debtor files a modification under this section, the plan as modified becomes the plan.
(c) Any holder of a secured claim that has accepted or rejected the plan is deemed to have accepted or rejected, as the case may be, the plan as modified, unless the modification provides for a change in the rights of such holder from what such rights were under the plan before modification, and such holder changes such holder's previous acceptance or rejection.
Title 11, the United States Bankruptcy Code, is a valuable resource for anyone in search of bankruptcy information, clarity on its various sections and descriptions of chapters of bankruptcy. Sagaria Law has uploaded the US bankruptcy code on our website to make it accessible to our bankruptcy clients and bankruptcy website visitors. We hope that you will take advantage of its easy layout and the fact that you cannot find it many places on the web other than here and a few government or University websites.
At our Roseville bankruptcy firm, we serve the greater Placer County community with any and all bankruptcy services and assistance. Our Roseville bankruptcy attorneys remain available to you throughout every step of your bankruptcy. Experience the Sagaria Law difference by visiting our Roseville office, or any of our 10 bankruptcy office locations throughout California and Oregon. We look forward to serving you!