11 U.S.C. § 1229 : US Code - Section 1229: Modification of plan after confirmation

Search 11 U.S.C. § 1229 : US Code - Section 1229: Modification of plan after confirmation

(a) At any time after confirmation of the plan but before the
completion of payments under such plan, the plan may be modified,
on request of the debtor, the 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 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 other than under the plan.
(b)(1) Sections 1222(a), 1222(b), and 1223(c) of this title and
the requirements of section 1225(a) of this title apply to any
modification under subsection (a) of this section.
(2) The plan as modified becomes the plan unless, after notice
and a hearing, such modification is disapproved.
(c) A plan modified under this section may not provide for
payments over a period that expires after three years after the
time that the first payment under the original confirmed plan was
due, unless the court, for cause, approves a longer period, but the
court may not approve a period that expires after five years after
such time.
(d) A plan may not be modified under this section -
(1) to increase the amount of any payment due before the plan
as modified becomes the plan;
(2) by anyone except the debtor, based on an increase in the
debtor's disposable income, to increase the amount of payments to
unsecured creditors required for a particular month so that the
aggregate of such payments exceeds the debtor's disposable income
for such month; or
(3) in the last year of the plan by anyone except the debtor,
to require payments that would leave the debtor with insufficient
funds to carry on the farming operation after the plan is
completed.