Section 1329 - Modification of Plan After Confirmation


Title 11 of the United States Code - Bankruptcy
ADJUSTMENT OF DEBTS OF AN INDIVIDUAL WITH REGULAR INCOME – CHAPTER 13


Modification of Plan After Confirmation –Section 1329
11 USCS § 1329



(a) At any time after confirmation of the plan but before the completion of payments under such plan, the plan may be modified, upon request of the debtor, the trustee, or the holder of an allowed unsecured claim, to--
   (1) increase or reduce the amount of payments on claims of a particular class provided for by the plan;
   (2) extend or reduce the time for such payments;
   (3) alter the amount of the distribution to a creditor whose claim is provided for by the plan to the extent necessary to take account of any payment of such claim other than under the plan; or
   (4) reduce amounts to be paid under the plan by the actual amount expended by the debtor to purchase health insurance for the debtor (and for any dependent of the debtor if such dependent does not otherwise have health insurance coverage) if the debtor documents the cost of such insurance and demonstrates that--
      (A) such expenses are reasonable and necessary;
      (B)
         (i) if the debtor previously paid for health insurance, the amount is not materially larger than the cost the debtor previously paid or the cost necessary to maintain the lapsed policy; or
         (ii) if the debtor did not have health insurance, the amount is not materially larger than the reasonable cost that would be incurred by a debtor who purchases health insurance, who has similar income, expenses, age, and health status, and who lives in the same geographical location with the same number of dependents who do not otherwise have health insurance coverage; and
      (C) the amount is not otherwise allowed for purposes of determining disposable income under section 1325(b) of this title [11 USCS § 1325(b)];
   and upon request of any party in interest, files proof that a health insurance policy was purchased.
 
(b)
   (1) Sections 1322(a), 1322(b), and 1323(c) of this title [11 USCS §§ 1322(a), 1322(b), and 1323(c)] and the requirements of section 1325(a) of this title [11 USCS § 1325(a)] apply to any modification under subsection (a) of this section.
   (2) The plan as modified becomes the plan unless, after notice and a hearing, such modification is disapproved.
 
(c) A plan modified under this section may not provide for payments over a period that expires after the applicable commitment period under section 1325(b)(1)(B) [11 USCS § 1325(b)(1)(B)] after the time that the first payment under the original confirmed plan was due, unless the court, for cause, approves a longer period, but the court may not approve a period that expires after five years after such time.


Below and in the following pages of The Code, you will find the complete United States Bankruptcy Code by Section.  Please click through to review the code, which is here in its full, un-altered version.  We are happy to provide the Bankruptcy Code for your convenience, although other bankruptcy sites do not.  This is a new and exciting feature of our website and we hope to inform and educate by use of the Bankruptcy Code for those that want to learn more about Bankruptcy and its various chapters.
Did you know that our Fremont bankruptcy law office is conveniently located and serves bankruptcy clients and potential bankruptcy filers in the neighboring areas of Emeryville, Dublin and Hayward?  We hope that Alameda County will inquire with us on any bankruptcy issues you may have.  Even if you are not in Fremont, please give us a call as we have nine offices to serve the public from San Diego to Portland. 

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