In Chapter 13 bankruptcy, to whom is the repayment plan submitted for approval?

In Chapter 13 bankruptcy, to whom is the repayment plan submitted for approval?

• A. A judge
• B. The creditor committee
• C. The bankruptcy trustee
• D. The city government

Answer: (A)

In Chapter 13, the debtor’s repayment plan is filed with the bankruptcy court and must be approved (confirmed) by the bankruptcy judge. The plan outlines how creditors will be paid over a 3- to 5-year period, and the judge reviews it for feasibility and compliance with the Bankruptcy Code before granting confirmation. Until confirmed, the debtor makes payments to the Chapter 13 trustee, who then distributes funds to creditors according to the confirmed plan. The creditor committee or city government do not grant approval; their role is to participate or object in hearings, but the formal approval comes from the judge.

In Chapter 13, the debtor’s repayment plan is filed with the bankruptcy court and must be approved (confirmed) by the bankruptcy judge. The plan outlines how creditors will be paid over a 3- to 5-year period, and the judge reviews it for feasibility and compliance with the Bankruptcy Code before granting confirmation. Until confirmed, the debtor makes payments to the Chapter 13 trustee, who then distributes funds to creditors according to the confirmed plan. The creditor committee or city government do not grant approval; their role is to participate or object in hearings, but the formal approval comes from the judge.