Cook Illinois Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan - B 231B

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This form is an order fixing the time to object to a proposed modification of a confirmed chapter 13 plan. Any objection to the proposed modification must be filed and served on the debtor, the trustee, the United States trustee, and all the creditors.

Cook Illinois Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is a legal document that pertains to the bankruptcy process in the Cook County, Illinois jurisdiction. This order is issued to inform parties involved in a Chapter 13 bankruptcy case about the specific deadline by which they can object to any proposed modifications to a previously confirmed Chapter 13 plan. The purpose of this order is to ensure that all affected parties have sufficient time to review and potentially contest any changes or modifications that have been proposed for an existing Chapter 13 plan. By providing a fixed period within which objections can be raised, the court aims to uphold fairness, transparency, and due process throughout the bankruptcy proceedings. The Cook Illinois Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B may also include specific keywords or variations depending on the nature of the case or specific modifications being proposed. It is important to note that while the overall purpose of this order remains consistent, the specifics may vary in individual cases. For example, specific types or variations of the Cook Illinois Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B may include: 1. Cook Illinois Order Fixing Time to Object to Proposed Modification — Case Number X: This variation would be used to differentiate and identify a specific bankruptcy case by its assigned case number. 2. Cook Illinois Order Fixing Time to Object to Proposed Modification — Debtor's Name: This version of the order would be tailored to include the debtor's name to personalize and identify the relevant parties involved. 3. Cook Illinois Order Fixing Time to Object to Proposed Modification — Creditor's Name: In cases where a specific creditor has filed a proposed modification, this variation would focus on notifying that particular creditor and any relevant parties involved. 4. Cook Illinois Order Fixing Time to Object to Proposed Modification — Trustee's Report: This type of order might arise when a proposed modification is based on the trustee's report or recommendation, requiring additional time for parties to review and potentially object. Overall, the Cook Illinois Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is an important legal document that ensures all parties involved in a Chapter 13 bankruptcy case have fair notice and opportunity to voice their objections to proposed modifications.

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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.

In a Chapter 13, an objection to confirmation is basically a written statement from the Chapter 13 Trustee or a creditor of the debtor that there is something wrong with the case that needs to be fixed before the confirmation hearing.

An objection to confirmation is a response filed in a chapter 13 bankruptcy to an original or amended plan that is filed in the case. When you file a chapter 13 bankruptcy you fill out a petition, schedules and a number of related documents. These are really disclosure documents.

Once you finish your Chapter 13 repayment plan, the remaining 30 percent of your debt is discharged, meaning you won't have to repay that remaining debt. If you pay your Chapter 13 plan off early, you alter the agreed upon terms of your bankruptcy case.

How Long Does Chapter 13 Discharge Take? Discharging debt through Chapter 13 may take 6 to 8 weeks after the final payment is made on your 3 to 5-year repayment plan (whichever was approved by the bankruptcy court).

Part of filing a Chapter 13 case is submitting a repayment plan outlining how you intend to repay creditors. The trustee (or a creditor) can object to the Chapter 13 plan if it appears that someone isn't getting paid the right amount.

What happens if my Chapter 13 confirmation is denied? Sometimes, a judge will deny confirmation. That means the judge does not believe that the proposed plan meets the requirements of Chapter 13. In this case, the judge will ordinarily allow you to amend the plan and will provide a time frame for doing that.

When you complete your Chapter 13 repayment plan, you'll receive a discharge order that will wipe out the remaining balance of qualifying debt. In fact, a Chapter 13 bankruptcy discharge is even broader than a Chapter 7 discharge because it wipes out certain debts that aren't nondischargeable in Chapter 7 bankruptcy.

(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.

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Cook Illinois Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan - B 231B