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Chapter 13 Confirmation Requirements: Treatment of Secured Claims

Learn how the chapter 13 plan must treat secured claims to be confirmed.


I. Confirmation Requirements: General Rules on the Treatment of Allowed Secured Claims

For the bankruptcy court to confirm a chapter 13 plan of debt adjustment, the plan must comply with § 1325(a)(5)'s rules on the treatment of secured claims for which the plan provides. The plan can do this in one of three ways.

The first way to satisfy § 1325(a)(5) is for the secured creditor to accept the plan. The secured creditor needn't expressly manifest acceptance. It may suffice if the creditor simply...