In re Adams

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Order Granting Trustee's Motion to Modify Plan to Require Turnover of Funds and to Increase Liquidation Requirement. Where Debtor's plan did not contemplate a sale of real property and provided that the real property would remain property of the estate, and Debtor's interest in the real property represented a substantial portion of the liquidation requirement in the Plan, trustee's motion to modify the plan after Debtor's post-confirmation sale of the real property at an appreciated value in order  to increase the liquidation requirement and require turnover of proceeds over and above Debtor's statutory exemption was proper under 11 U.S.C. § 1329(b)(1).

Date: 
Friday, November 3, 2023
Published: 
Yes
Index Heading: 
Chapter 13 Plans
Affirmed: