Section 1226 - Payments


Title 11 of the United States Code - Bankruptcy
ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN WITH REGULAR ANNUAL INCOME – CHAPTER 12


Payments –Section 1226
11 USCS § 1226



(a) Payments and funds received by the trustee shall be retained by the trustee until confirmation or denial of confirmation of a plan. If a plan is confirmed, the trustee shall distribute any such payment in accordance with the plan. If a plan is not confirmed, the trustee shall return any such payments to the debtor, after deducting--
   (1) any unpaid claim allowed under section 503(b) of this title [11 USCS § 503(b)]; and
   (2) if a standing trustee is serving in the case, the percentage fee fixed for such standing trustee.
 
(b) Before or at the time of each payment to creditors under the plan, there shall be paid--
   (1) any unpaid claim of the kind specified in section 507(a)(2) of this title [11 USCS § 507(a)(2)]; and
   (2) if a standing trustee appointed under section 1202(c) of this title [11 USCS § 1202(c)] is serving in the case, the percentage fee fixed for such standing trustee under section 1202(d) of this title [11 USCS § 1202(d)].
 
(c) Except as otherwise provided in the plan or in the order confirming the plan, the trustee shall make payments to creditors under the plan.


Don’t let the size of bankruptcy get you down.  Sagaria Law understands that bankruptcy can be a big topic that scares most. Why wouldn’t it? The financial stability of you and your family is vital. So is arming yourself with knowledge. That is why we have the US Bankruptcy Code available here for those that are curious about bankruptcy both as an opportunity for their personal fresh start and as a legal reference.   Other bankruptcy firms do not offer this on their website, but we know that you want to make the most informed decision possible when it comes to your future and that of your family.
San Jose, Sunnyvale, Gilroy, Morgan Hill and the entire Santa Clara Valley: Sagaria Law wants you to know that our San Jose corporate office is available to all of the South Bay for bankruptcy services.  Call us today!

Attorney Consultation!! $99 Retainer Fee!! Free Bankruptcy Evaluation
Motivation Bills Assets Budget
The law varies from state-to-state — please provide your zip code!

Why are you considering bankruptcy? (select all that apply)









Motivation Bills Assets Budget

What bills do you have? (select all that apply)








Motivation Bills Assets Budget
Do you own real estate ?
If Yes , are you behind in these payments?


Do you own an automobile ?
If Yes , are you behind in these payments?


Do you have any additional assets worth more than $1000.00?
Motivation Bills Assets Budget

What types of income do you have? (select all that apply)






$
Contact Info Your Evaluation

Call For A Consultation

toll free: 1-866-447-8460