Consumer Bankruptcy Law and Practice: 8.7.5 Modification of the Plan
Debtors often need to modify their plans after confirmation, either to raise payments to accommodate postpetition claims or to lower the payments because the debtor has had a change of circumstances. One such change of circumstances may occur if the debtor loses use of a car that serves as collateral for a secured claim being paid under the plan, through its destruction, repossession, inoperability, or other cause, or if the debtor no longer needs the vehicle.