Author Archive for Alan C. Hochheiser

Should ‘Possible’ Changes in a Debtor’s Financial Condition Allow Modification of a Confirmed Chapter 13 Plan?

The United States Bankruptcy Court for the Eastern District of Michigan recently allowed a debtor to modify his confirmed Chapter 13 plan based upon a mistake by the debtor’s counsel. The result of the modification was to reduce the plan to 36 months from 60 and reduce the repayment to unsecured creditors by 80 percent.

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