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What is the Plan of Reorganization?

Plan Reorganization
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What is the Plan of Reorganization?

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The plan, generally filed by the debtor in a Chapter 13 case, states how the debtor proposes to pay their various debts. Creditors and other parties in interest are served with the plan and have an opportunity to object to a proposed plan. The plan does not become effective until the Court confirms it after a hearing. The form Chapter 13 plan used in this District is found at SC LBR 3015-1 (Exhibit A).

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