Q

What if the Bankruptcy Court does not approve a filed chapter 13 plan?

A

If the Bankruptcy Court will not approve the Chapter 13 plan proposed by a debtor, the debtor may amend the plan and seek Bankruptcy Court approval of the amended plan. The Bankruptcy Court will usually give specific reasons for refusing to confirm the chapter 13 plan. This affords the debtor the ability to appropriately modify the chapter 13 plan in a manner that is acceptable to the Bankruptcy Court. A debtor who does not wish to amend a proposed plan may either convert the case to chapter 7 or dismiss the case.