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Chapter 13 Plan (Sample And Form) 3015-1 - Minnesota
| Chapter 13 Plan (Sample And Form) Form. This is a Minnesota form and can be used in Bankruptcy Court Federal . |
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Form 3015-1 - Chapter 13 Plan UNITED STATES BANKRUPTCY COURT DISTRICT OF MINNESOTA ___________________________________________________ CHAPTER 13 PLAN In re: Dated: ______________________________ DEBTOR Case No. ____________________________ In a joint case, debtor means debtors in this plan. _________________________________________________ 1. PAYMENTS BY DEBTOR a. As of the date of this plan, the debtor has paid the trustee $_______________________. b. After the date of this plan, the debtor will pay the trustee $_____________________ per ___________ for ______ months, beginning within 30 days after the filing of this plan for a total of $ _________________. c. The debtor will also pay the trustee ________________________________________________________________________ ___________________________________________________________________________________________________________ d. The debtor will pay the trustee a total of $______________________ [line 1(a) + line 1(b) + line 1(c)]. 2. PAYMENTS BY TRUSTEE The trustee will make payments only to creditors for which proofs of claim have been filed, make payments monthly as available, and collect the trustees percentage fee of 10% for a total of $_____________ [line 1(d) x .10] or such lesser percentage as may be fixed by the Attorney General. For purposes of this plan, month one (1) is the month following the month in which the debtor makes the debtors first payment. Unless ordered otherwise, the trustee will not make any payments until the plan is confirmed. Payments will accumulate and be paid following confirmation. 3. PRIORITY CLAIMS The trustee shall pay in full all claims entitled to priority under 507, including the following. The amounts listed are estimates only. The trustee will pay the amounts actually allowed. Estimated Monthly Beginning in Number of TOTAL Creditor Claim Payment Month # Payments PAYMENTS a. Attorney Fees $______________ $______________ ___________ __________ $______________ b. Internal Revenue Serv. $______________ $______________ ___________ __________ $______________ c. Minn. Dept of Revenue $______________ $______________ ___________ __________ $______________ d. _____________________ $______________ $______________ ___________ __________ $______________ e. TOTAL $______________4. LONG-TERM SECURED CLAIMS NOT IN DEFAULT The following creditors have secured claims. Payments are current and the debtor will continue to make all payments which come due after the date the petition was filed directly to the creditors. The creditors will retain their liens. a. _____________________________________________________________________________________________________________ b. ________________________________________________________________________________________________________________ 5. HOME MORTGAGES IN DEFAULT [ 1322(b)(5)] The trustee will cure defaults (plus interest at the rate of 8 per cent per annum) on claims secured only by a security interest in real property that is the debtors principal residence as follows. The debtor will maintain the regular payments which come due after the date the petition was filed. The creditors will retain their liens. The amounts of default are estimates only. The trustee will pay the actual amounts of default. Amount of Monthly Beginning in Number of TOTAL Creditor Default Payment Month # Payments PAYMENTS a. _____________________ $______________ $______________ ___________ __________ $______________ b. _____________________ $______________ $______________ ___________ __________ $______________ c. _____________________ $______________ $______________ ___________ __________ $______________ d. TOTAL $______________ <<<<<<<<<********>>>>>>>>>>>>> 2 6. OTHER LONG-TERM SECURED CLAIMS IN DEFAULT [ 1322 (b)(5)] The trustee will cure defaults (plus interest at the rate of 8 per cent per annum) on other claims as follows and the debtor will maintain the regular payments which come due after the date the petition was filed. The creditors will retain their liens. The amounts of default are estimates only. The trustee will pay the actual amounts of default. Creditor Amount of Monthly eginning in B Number of TOTAL Default Payment Month # Payments PAYMENTS a. _____________________ $______________ $______________ __________ __________ $_______________ b. _____________________ $______________ $______________ __________ __________ $_______________ c. _____________________ $______________ $______________ __________ __________ $_______________ d. TOTAL $_______________ 7. OTHER SECURED CLAIMS [ 1325(a)(5)] The trustee will make payments to the following secured creditors having a value as of confirmation equal to the allowed amount of the creditors secured claim using a discount rate of 8 percent. The creditors allowed secured claim shall be the creditors allowed claim or the value of the creditors interest in the debtors property, whichever is less. The creditors shall retain their liens. NOTE: NOTWITHSTANDING A CREDITORS PROOF OF CLAIM FILED BEFORE OR AFTER CONFIRMATION, THE AMOUNT LISTED IN THIS PARAGRAPH AS A CREDITORS SECURED CLAIM BINDS THE CREDITOR PURSUANT TO 11 U.S.C. 1327 AND CONFIRMATION OF THE PLAN WILL BE CONSIDERED A DETERMINATION OF THE CREDITORS ALLOWED SECURED CLAIM UNDER 11 U.S.C. 506(a). Beginning Number Creditor Claim Secured Monthly ni of TOTAL Amount Claim Payment Month # Payments PAYMENTS a. __________________ $_____________ $_______________ $___________ ________ __________ $_____________ b. __________________ $_____________ $_______________ $___________ ________ __________ $_____________ c. __________________ $_____________ $_______________ $___________ ________ __________ $_____________ d. TOTAL $_____________ 8. SEPARATE CLASS OF UNSECURED CREDITORS In addition to the class of unsecured creditors specified in 9, there shall be a separate class of nonpriority unsecured creditors described as follows: ____________________________________________________ a. The debtor estimates that the total claims in this class are $__________________________. b. The trustee will pay this class $___________________________. 9. TIMELY FILED UNSECURED CREDITORS The trustee will pay holders of nonpriority unsecured claims for which proofs of claim were timely filed the balance of all payments received by the trustee and not paid under 2, 3, 5, 6, 7 and 8 their pro rata share of approximately $______________ [line 1(d) minus lines 2, 3(e), 5(d), 6(d), 7(d) and 8(b)]. a. The debtor est
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