Which of the following is true of Chapter 13 plan of payment?

Question

Quizplus · Accepted Answer

According to the Bankruptcy Code, a Chapter 13 plan of payment must be filed not later than 90 days after the order for relief. A debtor's estimated income during their period of plan is required to be disclosed, so option A is incorrect. The plan can still be confirmed even if a secured creditor does not accept it, but the treatment of the secured claim may be different, so option C is incorrect. However, if an unsecured creditor does not accept the plan and the court determines that the plan is not fair and equitable, the plan may be dismissed or converted to a Chapter 7 liquidation, so option D is partially correct but is not entirely true.

Which of the Following Is True of Chapter 13 Plan