CHAPTER 12 ADJUSTMENT OF DEBTS OF A FAMILY FARMER
WITH REGULAR ANNUAL INCOME
Sub Chapter II The Plan
Sec. 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.
(Added and amended Pub. L. 99-554, title II, Sec. 255, title III,
Sec. 302(f), Oct. 27, 1986, 100 Stat. 3113, 3124; Pub. L. 105-277, div.
C, title I, Sec. 149(a), Oct. 21, 1998, 112 Stat. 2681-610.)
Termination of Section
For termination of reenactment of this section by section 149(a)
of Pub. L. 105-277, see Repeal, Reenactment, and Termination of
Chapter note set out under section 1201 of this title.
Section repealed effective Oct. 1, 1998, by Pub. L. 99-554, title
III, Sec. 302(f), Oct. 27, 1986, 100 Stat. 3124, as amended by Pub. L.
103-65, Sec. 1, Aug. 6, 1993, 107 Stat. 311. Section, as in effect on
Sept. 30, 1998, reenacted by Pub. L. 105-277, div. C, title I,
Sec. 149(a), Oct. 21, 1998, 112 Stat. 2681-610, for the period beginning
on Oct. 1, 1998, and ending on Apr. 1, 1999. See Repeal, Reenactment,
and Termination of Chapter note set out under section 1201 of this
Section Referred to in Other Sections
This section is referred to in sections 1208, 1228, 1230 of this
title; title 28 section 586.