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U.S. Code as of:
01/19/04
Section 1226. Payments
(a) Payments and funds received by the trustee shall be retained
by the trustee until confirmation or denial of confirmation of a
plan. If a plan is confirmed, the trustee shall distribute any such
payment in accordance with the plan. If a plan is not confirmed,
the trustee shall return any such payments to the debtor, after
deducting -
(1) any unpaid claim allowed under section 503(b) of this
title; and
(2) if a standing trustee is serving in the case, the
percentage fee fixed for such standing trustee.
(b) Before or at the time of each payment to creditors under the
plan, there shall be paid -
(1) any unpaid claim of the kind specified in section 507(a)(1)
of this title; and
(2) if a standing trustee appointed under section 1202(c) (!1)
of this title is serving in the case, the percentage fee fixed
for such standing trustee under section 1202(d) (!1) of this
title.
(c) Except as otherwise provided in the plan or in the order
confirming the plan, the trustee shall make payments to creditors
under the plan.
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