Chapter 13 Plan Payment

August 14, 2014

Pursuant to the bankruptcy code, the debtor must commence making payments pursuant to their plan within 30 days after their petition is filed. Payments to the trustee must be retained by the trustee until the plan is confirmed or denied. If the plan is confirmed, the payments are distributed in accordance with the plan. If confirmation is denied, the trustee, after deducting allowed administrative expenses, must return the remaining funds to the debtor.