Order Confirming Chapter 13 Plan is a court order issued by a bankruptcy court after a debtor's Chapter 13 repayment plan has been approved by the court. The order confirms the repayment plan and the rights and obligations of the debtor and the creditors. It outlines the duration of the plan and the amount of debt that will be paid during the repayment period. The order also determines the amount of the debtor's disposable income that will be used to make payments to creditors during the plan period. There are two types of Order Confirming Chapter 13 Plan: (1) Joint Order Confirming Chapter 13 Plan and (2) Individual Order Confirming Chapter 13 Plan. A Joint Order Confirming Chapter 13 Plan is issued when the debtor is a married couple filing jointly for Chapter 13 bankruptcy, and the plan applies to both spouses. An Individual Order Confirming Chapter 13 Plan is issued when a debtor is filing for bankruptcy as an individual, and the plan applies only to the debtor.
Order Confirming Chapter 13 Plan
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