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What Happens after the Payment Plan Is Approved?

Under a Chapter 13, when your payment plan is approved, they call that a confirmation, meaning that your plan has been confirmed. From there, you just continue making your monthly payments, as the plan suggests. At that point, also, all the property that you owned is vested back to you as ownership. The trustee no longer has any control over that. If you want to initiate any new debt, you do have to seek permission from the Chapter 13 trustee. If you want to sell assets, get assets or anything else, you certainly can, because it’s now yours.