(1)provide for the submission of all or such portion of future earnings or other future income of the debtor to the supervision and control of the trustee as is necessary for the execution of the plan;
(2)provide for the full payment, in deferred cash payments, of all claims entitled to priority under section
(A)the claim is a claim owed to a governmental unit that arises as a result of the sale, transfer, exchange, or other disposition of any farm asset used in the debtor’s farming operation, in which case the claim shall be treated as an unsecured claim that is not entitled to priority under section
507, but the debt shall be treated in such manner only if the debtor receives a discharge; or
(B)the holder of a particular claim agrees to a different treatment of that claim;
(3)if the plan classifies claims and interests, provide the same treatment for each claim or interest within a particular class unless the holder of a particular claim or interest agrees to less favorable treatment; and
(4)notwithstanding any other provision of this section, a plan may provide for less than full payment of all amounts owed for a claim entitled to priority under section
507(a)(1)(B) only if the plan provides that all of the debtor’s projected disposable income for a 5-year period beginning on the date that the first payment is due under the plan will be applied to make payments under the plan.
(b)Subject to subsections (a) and (c) of this section, the plan may—
(1)designate a class or classes of unsecured claims, as provided in section
1122 of this title, but may not discriminate unfairly against any class so designated; however, such plan may treat claims for a consumer debt of the debtor if an individual is liable on such consumer debt with the debtor differently than other unsecured claims;
(2)modify the rights of holders of secured claims, or of holders of unsecured claims, or leave unaffected the rights of holders of any class of claims;
(3)provide for the curing or waiving of any default;
(4)provide for payments on any unsecured claim to be made concurrently with payments on any secured claim or any other unsecured claim;
(5)provide for the curing of any default within a reasonable time and maintenance of payments while the case is pending on any unsecured claim or secured claim on which the last payment is due after the date on which the final payment under the plan is due;
(6)subject to section
365 of this title, provide for the assumption, rejection, or assignment of any executory contract or unexpired lease of the debtor not previously rejected under such section;
(7)provide for the payment of all or part of a claim against the debtor from property of the estate or property of the debtor;
(8)provide for the sale of all or any part of the property of the estate or the distribution of all or any part of the property of the estate among those having an interest in such property;
(9)provide for payment of allowed secured claims consistent with section
1225(a)(5) of this title, over a period exceeding the period permitted under section
(10)provide for the vesting of property of the estate, on confirmation of the plan or at a later time, in the debtor or in any other entity;
(11)provide for the payment of interest accruing after the date of the filing of the petition on unsecured claims that are nondischargeable under section
1228(a), except that such interest may be paid only to the extent that the debtor has disposable income available to pay such interest after making provision for full payment of all allowed claims; and
(12)include any other appropriate provision not inconsistent with this title.
(c)Except as provided in subsections (b)(5) and (b)(9), the plan may not provide for payments over a period that is longer than three years unless the court for cause approves a longer period, but the court may not approve a period that is longer than five years.
(d)Notwithstanding subsection (b)(2) of this section and sections
1225(a)(5) of this title, if it is proposed in a plan to cure a default, the amount necessary to cure the default, shall be determined in accordance with the underlying agreement and applicable nonbankruptcy law.
For repeal of section effective Oct. 1, 1998, and subsequent reenactment of section, see note set out preceding section
1201 of this title.
2005—Subsec. (a)(2). Pub. L. 109–8, § 1003(a), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “provide for the full payment, in deferred cash payments, of all claims entitled to priority under section
507 of this title, unless the holder of a particular claim agrees to a different treatment of such claim;”.
Pub. L. 109–8, title X, § 1003(c),Apr. 20, 2005, 119 Stat. 186, provided that: “This section [amending this section and section
1231 of this title] and the amendments made by this section shall take effect on the date of the enactment of this Act [Apr. 20, 2005] and shall not apply with respect to cases commenced under title 11 of the United States Code before such date.”
Amendment by section 213(3), (4) ofPub. L. 109–8effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 ofPub. L. 109–8, set out as a note under section
101 of this title.
Effective Date of 1994 Amendment
Amendment by Pub. L. 103–394effective Oct. 22, 1994, and applicable only to agreements entered into after Oct. 22, 1994, see section 702 ofPub. L. 103–394, set out as a note under section
101 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
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