§1193 Modification of Plan

Summary

A debtor can change a plan any time before the court confirms it. The change must still follow the rules in sections 1122 and 1123, except for subsection (a)(8) of 1123. Once the change is filed in court, the modified plan replaces the old plan. If the plan is already confirmed under section 1191(a), the debtor can change it any time after confirmation and before substantial consummation, but the change only becomes final if the court finds good reason and confirms it after notice and a hearing. For plans confirmed under 1191(b), the debtor can modify within 3 years, or up to 5 years if the court allows, and the court must also confirm those changes. If a holder already accepted or rejected a 1191(a) plan, that person is treated the same for the modified plan unless they change their decision in the time the court sets.