Can I modify my Chapter 13 plan after it has been approved?

Yes, it is possible to modify a Chapter 13 plan after it has been approved. The Chapter 13 Office of North Carolina allows for plan modifications to accommodate changing financial circumstances. Such changes can arise from various situations, including a loss of income, changes in expenses, or any other significant life events that may affect a debtor's ability to adhere to the original plan. To initiate a modification, the debtor typically must file a motion with the bankruptcy court, along with the proposed modified plan. It is essential that this request includes adequate justification for the changes being sought, as the court must approve the modification. The modified plan must still meet all necessary criteria to be confirmed, which may include ensuring that all secured and priority creditors are treated appropriately. Debtors are encouraged to consider consulting resources or professionals familiar with the bankruptcy process to understand the implications of making such modifications. Additional information regarding the modification process, as well as relevant forms and guidelines, can often be found on the current web page of the Chapter 13 Office of North Carolina.