Azusa Bankruptcy Attorney

TITLE 11 - BANKRUPTCY
CHAPTER 13 - ADJUSTMENT OF DEBTS OF AN INDIVIDUAL WITH REGULAR
                  INCOME                          
    SUBCHAPTER II - THE PLAN

-HEAD-
    Sec. 1323. Modification of plan before confirmation

-STATUTE-
      (a) The debtor may modify the plan at any time before
    confirmation, but may not modify the plan so that the plan as
    modified fails to meet the requirements of section 1322 of this
    title.
      (b) After the debtor files a modification under this section, the
    plan as modified becomes the plan.
      (c) Any holder of a secured claim that has accepted or rejected
    the plan is deemed to have accepted or rejected, as the case may
    be, the plan as modified, unless the modification provides for a
    change in the rights of such holder from what such rights were
    under the plan before modification, and such holder changes such
    holder's previous acceptance or rejection.

-SOURCE-
    (Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2649.)


                       HISTORICAL AND REVISION NOTES                   

                         SENATE REPORT NO. 95-989                     
      The debtor is permitted to modify the plan before confirmation
    without court approval so long as the modified plan, which becomes
    the plan on filing, complies with the requirements of section 1322.
      The original acceptance or rejection of a plan by the holder of a
    secured claim remains binding unless the modified plan changes the
    rights of the holder and the holder withdraws or alters its earlier
    acceptance or rejection.

-End-