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Current as of January 01, 2024 | Updated by FindLaw Staff
A plan filed under this subchapter--
(1) shall include--
(A) a brief history of the business operations of the debtor;
(B) a liquidation analysis; and
(C) projections with respect to the ability of the debtor to make payments under the proposed plan of reorganization;
(2) shall provide for the submission of all or such portion of the 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; and
(3) notwithstanding section 1123(b)(5) of this title, may modify the rights of the holder of a claim secured only by a security interest in real property that is the principal residence of the debtor if the new value received in connection with the granting of the security interest was--
(A) not used primarily to acquire the real property; and
(B) used primarily in connection with the small business of the debtor.
Cite this article: FindLaw.com - 11 U.S.C. § 1190 - U.S. Code - Unannotated Title 11. Bankruptcy § 1190. Contents of plan - last updated January 01, 2024 | https://codes.findlaw.com/us/title-11-bankruptcy/11-usc-sect-1190/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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