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(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.
(Added
and amended Pub. L. 99-554, title II, § 255, title III, § 302(f), Oct.
27,
1986, 100 Stat. 3113, 3124; Pub. L.
105-277, div. C, title I, § 149(a), Oct. 21, 1998, 112 Stat. 2681-610; Pub. L. 106-5, § 1(1), (2),
Mar. 30, 1999, 113 Stat. 9; Pub. L.
106-70, § 1, Oct. 9, 1999, 113 Stat.
1031; Pub. L. 107-8, § 1, May 11, 2001,
115 Stat. 10; Pub. L. 107-17, § 1, June 26,
2001, 115 Stat. 151; Pub. L. 107-170, § 1,
May 7, 2002, 116 Stat. 133; Pub. L. 107-171, title X, § 10814(a),
May 13, 2002, 116 Stat. 532; Pub. L.
107-377, § 2(a), Dec. 19, 2002, 116
Stat. 3115.); Pub. L. 108-73, § 2(a), Aug. 15, 2003, 117 Stat.
891; Pub. L. 108-369, § 2(a), Oct. 25, 2004, 118 Stat. 1749; Pub.
L.
109-8, Title X, §§ 1001(a)(1),
1006(b), April 20, 2005, 119 Stat. 185, 187.)
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