Wake North Carolina Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is a legal term used in the state of North Carolina. This order pertains to the process of objecting to a proposed modification of a confirmed Chapter 13 plan. In Chapter 13 bankruptcy cases, a debtor proposes a repayment plan to repay all or a portion of their debts over a three to five-year period. Once the plan is confirmed by the court, it becomes legally binding. However, there may be circumstances where the debtor or another party involved in the case wishes to modify the plan. The Wake North Carolina Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B plays an important role in this process. It sets a specific deadline or time frame within which interested parties may object to the proposed modification of the confirmed Chapter 13 plan. This order ensures that all parties involved are given a fair opportunity to review and express their concerns or objections to any proposed changes to the plan. It helps maintain the integrity and fairness of the bankruptcy process by allowing sufficient time for objections to be raised and considered by the court. It is important to note that there may be different types or variations of this order, depending on the specific circumstances of the Chapter 13 case. Some possible variations may include: 1. Wake North Carolina Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B (Debtor's Objection): This type of order allows the debtor to object to a proposed modification of the confirmed Chapter 13 plan. 2. Wake North Carolina Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B (Creditor's Objection): This type of order enables creditors to object to a proposed modification of the confirmed Chapter 13 plan if they believe it unfairly impacts their rights or repayment terms. 3. Wake North Carolina Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B (Trustee's Objection): In some cases, the bankruptcy trustee may object to a proposed modification of the confirmed Chapter 13 plan if it violates the rules and regulations governing Chapter 13 bankruptcy or if it appears to be against the best interests of the debtor or creditors. In conclusion, the Wake North Carolina Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 13 Plan — B 231B is an essential legal document that ensures transparency, fairness, and due process in the modification of Chapter 13 bankruptcy plans. It sets a specific timeframe for interested parties to raise objections, thereby safeguarding the rights and interests of debtors, creditors, and the overall integrity of the bankruptcy system.