Philadelphia, Pennsylvania is a vibrant city situated in the northeastern part of the United States. Known as the birthplace of America, this historic city is packed with rich cultural, artistic, and culinary offerings. Philadelphia offers a plethora of attractions, including Independence Hall, the Liberty Bell, and the iconic Philadelphia Museum of Art. In the legal domain, an "Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan — B 231A" is a legal document issued by the court in Philadelphia. This order grants interested parties a specific period in which they can voice their objections or concerns regarding a proposed modification to a confirmed Chapter 12 bankruptcy plan. Chapter 12 bankruptcy is specifically designed for family farmers or fishermen who are facing financial distress. It enables them to reorganize their debts and continue their agricultural or fishing operations. There may be different types of "Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan — B 231A" in Philadelphia Pennsylvania, depending on the specific circumstances or modifications being proposed. Some of these types may include: 1. Agricultural Chapter 12: This type of order focuses on bankruptcy cases concerning family farmers who need to modify their confirmed Chapter 12 plan due to changes in their financial situation or agricultural operations. 2. Fishing Chapter 12: This order type pertains to fishermen who are experiencing financial difficulties and seek to modify their confirmed Chapter 12 plan in order to sustain their fishing operations. 3. Creditor Objections: In some cases, creditors may object to the proposed modifications outlined in the Chapter 12 plan. This type of order grants them a specific timeframe to submit their objections and present their concerns to the court. 4. Debtors' Objections: This order category refers to objections raised by the debtor, the family farmer or fisherman, if they disagree with the proposed modifications to their confirmed Chapter 12 plan. Regardless of the specific type, an "Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan — B 231A" plays a crucial role in legal proceedings in Philadelphia. It ensures that all relevant parties have sufficient time to review and express their concerns regarding proposed modifications to a confirmed Chapter 12 plan, ultimately allowing for a fair and just resolution.
Philadelphia Pennsylvania Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan - B 231A
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A creditor or the trustee can object to the discharge of one or all of your debts in bankruptcy. The purpose of filing for bankruptcy is often to wipe out (discharge) qualifying debt, such as credit card balances, medical bills, and personal loans.
11 bankruptcy process is for the Debtor to formulate a Plan of Reorganization. Within 120 days of the petition date (unless an additional extension is permitted), the Debtor must submit a Plan of Reorganization to the court.
After you file for Chapter 13 bankruptcy, the court will schedule a confirmation hearing to determine whether or not your plan should be approved. If the trustee or your creditors don't object to your proposed plan, the court will confirm your plan at the hearing.
(Learn more about the Chapter 13 repayment plan.) In most cases, unless the trustee or one of your creditors objects to the confirmation of your plan, the court will approve it. But if you don't propose a feasible plan that complies with all bankruptcy laws, the trustee can object to its confirmation.
A key part of any Chapter 11 case is the debtor's plan of reorganization. The plan of reorganization outlines how the debtor will pay back creditors over time. In order to move forward with the plan of reorganization, the creditors must accept it and the court must confirm it.
In a Chapter 11 bankruptcy, a debtor has the exclusive right to file a proposed reorganization within the first 120 days following the filing of the Chapter 11 petition. A debtor may seek an extension of this exclusive period from the court, with possible extensions lasting for up to 18 months.
The court may also dismiss or convert the debtor's case if the debtor fails to pay any post-filing domestic support obligations (i.e., child support, alimony), or fails to make required tax filings during the case. 11 U.S.C. §§ 1307(c) and (e), 1308, 521.
In accordance with Federal Rule of Bankruptcy Procedure 2002(b), all parties-in-interest must receive at least 28 days' notice of: (1) the deadline for filing objections to confirmation of the plan; and (2) the hearing to consider confirmation of the plan.
An objection to the confirmation of a chapter 13 plan shall be made by motion setting forth the facts and legal arguments that give rise to the objection in sufficient detail to allow the debtor to file a reply or an amended plan that addresses the objection. (3) Trustee's Objection in Minutes of Meeting of Creditors.