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Ellen, Attorney
Category: Bankruptcy Law
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Once a payment plan is accepted by the court and creditors,

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Once a payment plan is accepted by the court and creditors, can an improved financial situation affect or nulify the agreement?

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Once the chapter 13 payment plan is approved, the creditors will be bound by the terms of the plan for its duration. The creditors cannot petition the court at a later date to revise the plan based upon an increase in income
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