Zero later on than just forty five weeks following the conference from creditors, the bankruptcy proceeding legal need certainly to hold a confirmation hearing and decide whether the master plan is possible and you can matches the factors to own confirmation set forward in the Personal bankruptcy Password. eleven You.S.C. 1324, 1325. Whenever you are many different arguments are produced, the most prevalent of them is actually you to definitely money given beneath the package is below loan providers do receive when your debtor’s property was basically liquidated or that debtor’s plan does not to visit each one of the new debtor’s projected disposable income toward around three or five year appropriate union several months.
If your judge confirms the program, new part 13 trustee will spreading money gotten underneath the package “whenever are practicable.” 11 U.S.C. 1326(a)(2). When your judge refuses to ensure the plan, the brand new debtor may file a modified bundle. 11 You.S.C. 1323.