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Terms Permitted in a Chapter 13 Plan

Learn about the various terms that the Bankruptcy Code permits, but does not require, to appear in a chapter 13 plan.

Transcript

Section 1322(b) of the Bankruptcy Code features a litany of terms that may, but need not, appear in a chapter 13 plan. On their face, these provisions seem to give the debtor far-reaching power to adjust creditors' rights. But the many and varied requirements for plan confirmation, found mostly in § 1325, limit these powers, sometimes severely. We'll talk about the permitted terms in this lesson; the plan-confirmation requirements must await other lessons.

I. General Power to Modify Creditors'...

Lessons

    • 1. Welcome to Bankruptcy
    2. Foundations of Bankruptcy
    3. The Estate and the Automatic Stay
    4. Creditors, Claims, Discharge, and Priority
    5. Chapter 7 Liquidation
    • Chapter 7 Panel Trustee
    • Distribution of Estate Property in Chapter 7
    • Discharge in Chapter 7
    • Personal-Property Collateral in Chapter 7
    • General Grounds to Dismiss a Chapter 7 Case
    • Introduction to the Means Test and Dismissals or Conversions for Abuse
    6. Debt Adjustment in Chapter 13
    • Eligibility to File for Chapter 13
    • The Estate in Chapter 13
    • Introduction to the Chapter 13 Plan of Debt Adjustment
    • Terms Permitted in a Chapter 13 Plan
    • Chapter 13 Confirmation Requirements: Treatment of Secured Claims
    • Chapter 13 Confirmation Requirements: Treatment of Unsecured and Priority Claims
    7. Preferences
    • Introduction to Preferences
    • A Transfer to a Creditor or for a Creditor's Benefit Made for or on Account of an Antecedent Debt
    • A Transfer Enabling a Creditor to Receive More Than It Would in Chapter 7
    • The Net-Benefit Rule
    • Contemporaneous Exchanges for New Value
    • Transfers in the Ordinary Course of Business
    • Subsequent New Value