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Details of Reform

15. Disposable Income Test in Individual Chapter 11 Case

Under the newly-added §1115, property of the estate includes, in addition to the property specified in §541, all property “that the debtor acquires after the commencement of the case but before the case is closed, dismissed or converted” and “earnings from services performed by the debtor after the commencement of the case but before the case is closed, dismissed or converted.” Under an amendment to §1129, the plan must commit the debtor’s disposable income for the 5 year plan period.

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