Oregon Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is a legal document issued by the state of Oregon to determine the allotted time for parties involved to object to a proposed modification of a confirmed Chapter 13 plan. This order is an important part of the bankruptcy process as it allows interested parties to voice their concerns before any amendments are made to the original plan. In the state of Oregon, there are three types of Oregon Orders Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B: 1. Initial Order: The initial order is issued when a proposed modification to a confirmed Chapter 13 plan is presented to the court. It provides a specific timeframe within which interested parties must file their objections. This order marks the beginning of the objection period. 2. Amended Order: An amended order is issued if there are changes made to the proposed modification or if the original order contained errors. It grants a new period for objections to be filed or modifies the existing objection period accordingly. 3. Final Order: The final order is issued after the objection period has ended and the court reviews all objections. It determines whether the proposed modification of the confirmed Chapter 13 plan will be accepted or denied. The final order concludes the process and signifies the court's decision on the matter. Objecting parties are required to adhere to the deadlines set within the specific order issued for their case. Failure to meet the stated deadlines may result in the objection being disregarded. The process allows for transparency, ensuring that all stakeholders have an opportunity to voice their concerns and present evidence related to the proposed modification. Keywords: Oregon, Order Fixing Time, Object, Proposed Modification, Confirmed Chapter 13 Plan, B 231B, bankruptcy process, objections, initial order, amended order, final order, transparency, stakeholders, deadline, court decision.
Oregon Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan - B 231B
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Any Chapter 13 debtor who receives an objection to confirmation should first take a deep breath and relax. Then, they should pick up the phone and call their bankruptcy attorney and ask for an explanation of the objections. In the vast majority of cases, the objections can easily be fixed.
Modification after confirmation. The court and the trustee will ask you to explain why you need to change your plan payments and provide proof of your changed circumstances (such as a job loss or a reduction in income). If satisfied, the court will order a new plan payment for the duration of your case.
An order confirming the chapter 13 plan is a Bankruptcy judge's approval of the Debtor's proposed chapter 13 repayment plan. For more information, see 11 U.S.C. §1325 .
The chapter 13 trustee may file an objection to the confirmation of an amended plan no later than fourteen (14) days from the date the amended plan is filed or five (5) days before the date set for the first confirmation hearing, whichever is earlier.
Modification after confirmation. The court and the trustee will ask you to explain why you need to change your plan payments and provide proof of your changed circumstances (such as a job loss or a reduction in income). If satisfied, the court will order a new plan payment for the duration of your case.