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Plan Review, New York

Updated: February 29, 2024

Contributors:

Plan Confirmation is typically 4-6 months after bankruptcy filing.

All jurisdictions/divisions with the exception of WDNY-Rochester pay per POC. An objection is still recommended if the difference between plan and POC is large and/or the larger than anticipated arrears included in the POC result in a feasibility issue.

Unless the plan states otherwise (i.e. if loss mitigation is requested), Debtor is required to make the first post petition due after filing her/his Chapter 13 case.

No districts in New York are considered “Trustee Pay All” or “Conduit,” where trustee distributes both pre & post-petition funds.

TOPICS: Bankruptcy, Plan Review

SUBSCRIPTIONS: The Source

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USFN and its members have prepared this content as a public service and for general information purposes only. The information may or may not reflect the most current legal developments and under no circumstances should subscribers rely solely on this material.

Subscribers should seek independent legal counsel before acting upon any information contained in this Guide. The information is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice or to substitute for obtaining legal advice from an attorney licensed in the relevant jurisdiction. Foreclosure law is complex and dependent on state, county, and federal law, as well as interpretations by the local and federal judiciary. It is advisable that servicers and other subscribers contact local counsel familiar with the rules, practices, and interpretations of the particular jurisdiction.

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