11 U.S.C. § 1127 : US Code - Section 1127: Modification of plan

Search 11 U.S.C. § 1127 : US Code - Section 1127: Modification of plan

(a) The proponent of a plan may modify such plan at any time
before confirmation, but may not modify such plan so that such plan
as modified fails to meet the requirements of sections 1122 and
1123 of this title. After the proponent of a plan files a
modification of such plan with the court, the plan as modified
becomes the plan.
(b) The proponent of a plan or the reorganized debtor may modify
such plan at any time after confirmation of such plan and before
substantial consummation of such plan, but may not modify such plan
so that such plan as modified fails to meet the requirements of
sections 1122 and 1123 of this title. Such plan as modified under
this subsection becomes the plan only if circumstances warrant such
modification and the court, after notice and a hearing, confirms
such plan as modified, under section 1129 of this title.
(c) The proponent of a modification shall comply with section
1125 of this title with respect to the plan as modified.
(d) Any holder of a claim or interest that has accepted or
rejected a plan is deemed to have accepted or rejected, as the case
may be, such plan as modified, unless, within the time fixed by the
court, such holder changes such holder's previous acceptance or
rejection.
(e) If the debtor is an individual, the plan may be modified at
any time after confirmation of the plan but before the completion
of payments under the plan, whether or not the plan has been
substantially consummated, upon request of the debtor, the trustee,
the United States trustee, or the holder of an allowed unsecured
claim, to -
(1) increase or reduce the amount of payments on claims of a
particular class provided for by the plan;
(2) extend or reduce the time period for such payments; or
(3) alter the amount of the distribution to a creditor whose
claim is provided for by the plan to the extent necessary to take
account of any payment of such claim made other than under the
plan.
(f)(1) Sections 1121 through 1128 and the requirements of section
1129 apply to any modification under subsection (a).
(2) The plan, as modified, shall become the plan only after there
has been disclosure under section 1125 as the court may direct,
notice and a hearing, and such modification is approved.