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If the court declines to confirm the plan or the modified plan and instead dismisses the case, the court may authorize the trustee to keep some funds for costs, but the trustee must return all remaining funds to the debtor (other than funds already disbursed or due to creditors). Chapter 13 - Bankruptcy Basics | United States Courts uscourts.gov ? services-forms ? chapter-13-... uscourts.gov ? services-forms ? chapter-13-...
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.
If a creditor objects to your repayment plan, you will have an opportunity to respond to the objection. If you are able to overcome the objection, then your repayment plan will be approved, and you can proceed with your bankruptcy case. When Can Creditors Object to a Chapter 13 Bankruptcy? | Texas chancemcgheelaw.com ? when-can-creditors... chancemcgheelaw.com ? when-can-creditors...
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. Rule 3015-2 Chapter 13 Plan Requirements and Confirmation ... U. S. Bankruptcy Court, District of Puerto Rico (.gov) ? files ? lbr-3015-2 U. S. Bankruptcy Court, District of Puerto Rico (.gov) ? files ? lbr-3015-2 PDF
Background. A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.