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Description
This form is an order confirming a chapter 12 plan. The plan is confirmed with certain provisions encompassing payment amount, due date of payment, and period of payments.
Most Chapter 12 plans last three to five years, but the exact time can depend on your specific financial situation.
Missing payments could lead to trouble, like potential dismissal of your case, so it’s best to communicate with your attorney and try to catch up if you can.
Yes, if life throws you a curveball, you can file to modify your plan, but it usually requires court approval to ensure it's fair to creditors.
Once confirmed, you'll begin making your scheduled payments as laid out in your plan, helping you to get back on your feet financially.
You'll receive a court order stating that your plan is confirmed, which is like getting the green light to start your repayment journey.
Confirming a Chapter 12 plan means the court has approved your repayment plan to settle your debts over time, specifically designed for family farmers and fishermen.