Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is a legal document used in Chapter 13 bankruptcy cases in Guam. This order sets a specific deadline for parties involved in the bankruptcy proceedings to object to any proposed modifications to a confirmed Chapter 13 plan. Keywords: Guam, order, fixing time, object, proposed modification, confirmed Chapter 13 plan, B 231B, bankruptcy proceedings, deadline. Different types of Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B may include: 1. Individual Order: This type of order is issued in bankruptcy cases involving individual debtors seeking relief under Chapter 13 of the bankruptcy code. It sets a deadline for individuals to file objections to any proposed modifications to their confirmed Chapter 13 plan. 2. Joint Order: In cases where multiple debtors are jointly filing for Chapter 13 bankruptcy, a joint Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is issued. This order sets a specific deadline for all joint debtors to file objections to any proposed modifications to their confirmed Chapter 13 plan. 3. Creditor Order: Creditors are also given the opportunity to object to proposed modifications to a confirmed Chapter 13 plan. A separate Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B may be issued specifically for creditors, setting a deadline for them to file objections. 4. Trustee Order: The bankruptcy trustee, who oversees the Chapter 13 case, may also be allowed to object to proposed modifications to a confirmed Chapter 13 plan. A trustee-specific Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B may be issued to establish a deadline for the trustee to file objections. 5. Court Order: Finally, the bankruptcy court overseeing the Chapter 13 case may issue a court-specific Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B. This order sets a deadline for the court to receive and consider objections from all parties involved in the bankruptcy proceedings. In summary, Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is a legal document that establishes a deadline for various parties involved in a Chapter 13 bankruptcy case to file objections to proposed modifications to a confirmed plan.
Guam Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan - B 231B
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Modification after confirmation. The court and the trustee will ask you to explain why you need to change your plan payments and provide proof of your changed circumstances (such as a job loss or a reduction in income). If satisfied, the court will order a new plan payment for the duration of your case.
If you are considering filing for Chapter 13 bankruptcy, it is important to be aware that one or more creditors may object to your proposed repayment plan. However, if you are prepared to respond to their objections, you may be able to overcome them and continue with your bankruptcy case.
Any Chapter 13 debtor who receives an objection to confirmation should first take a deep breath and relax. Then, they should pick up the phone and call their bankruptcy attorney and ask for an explanation of the objections. In the vast majority of cases, the objections can easily be fixed.
An order confirming the chapter 13 plan is a Bankruptcy judge's approval of the Debtor's proposed chapter 13 repayment plan. For more information, see 11 U.S.C. §1325 .
The chapter 13 trustee may file an objection to the confirmation of an amended plan no later than fourteen (14) days from the date the amended plan is filed or five (5) days before the date set for the first confirmation hearing, whichever is earlier.