The Kentucky Order Confirming Plan (KOP) is a court-supervised system for resolving disputes between creditors and debtors in Kentucky. It is a voluntary program intended to help creditors and debtors reach agreements to settle their debts. The KOP is designed to provide debtors with an affordable and efficient way to pay their creditors and to ensure that creditors receive the payments they are owed. The program is administered by the Kentucky Department of Financial Institutions. There are two types of Kentucky Order Confirming Plans: Chapter 13 and Chapter 7. Chapter 13 is a reorganization plan that allows the debtor to keep their assets while paying back their creditors over time in a repayment plan. Chapter 7 is a liquidation plan that allows the debtor to have their assets sold to pay back their creditors. Both plans must be approved by the court and must meet all the requirements of the KOP. The KOP offers debtors the opportunity to negotiate with their creditors and to create a payment plan that is tailored to their individual circumstances. The program also provides creditors with the assurance that their debts will be paid in full, on time, and according to the agreed-upon terms. The KOP is designed to be an affordable, efficient, and fair way to resolve debt disputes in Kentucky.