Debtors’ attorneys, if you have to amend a plan to increase plan payments before confirmation, don’t make this mistake and cause your clients to become delinquent. Read on for how to use the “payment schedule” in the plan.
Must the chapter 13 trustee pay a secured creditor listed in the plan if no proof of claim has been filed? The plan language is ambiguous, but a new nonstandard provision being added to plans in the EDKY will provide clarity. Read on for more information.
If you are using “quick fix” amendments to plans instead of filing complete amended plans to make changes before confirmation, read on for a new policy restricting the use of those abbreviated plan amendments.