Plan Confirmation - Bankruptcy Chapter 13 Core Proceeding

Court approval of a plan of reorganization in Chapter 13 is required in all cases before creditors must accept proposed payments. For a bankruptcy confirmation, the plan must provide payment of all of the debtor's disposable income for the benefit of creditors. As a practical point of practice, debtors must overcome all objections of judges, trustees, and creditors to receive approval from the court. Creditor objections are the most common, and usually based on perceived unfairness in the priority assigned to payments and distributions by the trustee. The most common objection to confirmation however is based the debtor's failure to make timely payments after filing the case.