North Dakota Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is a legal document specific to the state of North Dakota. This order establishes a deadline for interested parties to object to a proposed modification of a confirmed Chapter 13 plan. Chapter 13 bankruptcy is a type of bankruptcy filing available to individuals with regular income, allowing them to reorganize their debts and create a repayment plan. A confirmed Chapter 13 plan outlines the terms and conditions of this repayment plan, which has been approved by the bankruptcy court. The Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan sets a specific timeframe within which creditors, debtors, or any other interested parties can raise objections to a proposed modification of the confirmed repayment plan. By issuing this order, the bankruptcy court ensures that all relevant parties have an opportunity to review and respond to any proposed changes that may impact their rights or interests. This helps maintain transparency and fairness in the bankruptcy process. In North Dakota, there may be variations of this order based on the specific circumstances of the case. Some possible variations could include: 1. North Dakota Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B (Individual Debtor): This variation would be applicable when the Chapter 13 plan is filed by an individual debtor as opposed to a business entity. 2. North Dakota Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B (Creditor): This variation would pertain to a creditor seeking to object to a proposed modification of a confirmed Chapter 13 plan. 3. North Dakota Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B (Trustee): This variation would be applicable when the Chapter 13 plan is administered by a trustee appointed by the court. In conclusion, the North Dakota Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is an important legal document that establishes deadlines for objecting to modifications of a confirmed Chapter 13 plan. It ensures that all relevant parties have an opportunity to voice their concerns or objections, promoting transparency and fairness in the bankruptcy process.
North Dakota Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan - B 231B
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After Plan Completion: After all payments have been completed, the Chapter 13 Trustee will file a Motion to Return any Excess Funds to Debtor and to Terminate any Payroll Deduction by Employer. If the Motion is granted, the Court will enter an order granting the motion and issue two notices.
Once you file your Chapter 13 Petition, your payment requirements begin immediately and your first payment is due within 30 days. Thereafter, you must make your plan payments on time and in full each month. You may make payments by wage order, by mail or by TFS Bill Pay.
In Chapter 13 bankruptcy, you pay the Chapter 13 bankruptcy trustee the monthly payment required by your Chapter 13 repayment plan and the trustee distributes the funds to creditors each month.
There is a way to change your Chapter 13 plan components. The Court may be petitioned for a modification due to changes in your circumstances. Modifications are most often requested by the debtor, but it is not unheard of that a trustee or an unsecured creditor may make such a request.
To obtain a plan moratorium or modification, you must file a motion, either on your own or through counsel, with the bankruptcy court. You also must give notice of the motion to the Chapter 13 trustee, creditors, and other parties in interest in ance with the local rules for the district where you live.
The case trustee is the person who appears at the 341 meeting of the creditors to inquire the debtor as to the veracity of his or her bankruptcy. U.S. Trustees are appointees of the Attorney General, so they work for the Department of Justice.
Be Prepared for One More Round of Paperwork A Chapter 13 payment plan doesn't automatically cease once you make your final payment. You must complete the compulsory paperwork and your attorney has to file for an official dismissal of 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.