Chapter 12 Plan {LBF-14}

43 Mon t . LBF 14. CHA P T E R 12 P L A N. [M o n t . L BR 9009 - 1 ( a)] Na m e o f A tto r n ey O ff i ce M a ili n g A ddress T e l ep h o n e Nu m b er F ac s imil e Nu m b er E - Ma i l A ddress S t a t e Bar I . D. Nu m b er ( A tto r n ey f o r De b to r ( s )) IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MONTANA IN RE: , , Debtors. Case No. CHAPTER 12 PLAN (date) 1. T h e f u t ure ear n i n gs a n d pr o j ec t ed d i s p o s a b l e i n c o m e o f t h e De b t o r is s u b mi tt ed t o t h e super v i s i o n a n d c o n t r o l o f t h e C o ur t , a n d t h e De b to r s h a l l pay t o t h e T rus t ee: Date Amount (i) $ (ii) $ (iii) $ (iv) $ (v) $ Debtor shall pay such additional amounts as necessary for additional professional fees and costs, including Trustee fees and costs, allowed by the Court. 2. F r o m t h e pa y m e n t s s o rece i v ed, t h e T rus t ee s h a l l m ake d i s b urse m e n t s as f o ll o w s : (a) First to allowed c l a i m s o f ad m i n i s t ra t i o n requ i red b y 11 U. S . C. 247 507(a ) (1 ) (set out projected amount) (b) Second to secured creditors whose claims are duly proven and allowed as follows: American LegalNet, Inc. www.FormsWorkFlow.com 44 Na m e o f Cred i to r Allowed Secured Claim Term I n t ere s t Rate Payment (i) (ii) (iii) (iv) ( T h e a ll o wed c l a i m o f ea c h c r ed i to r s h a l l b e determined as of the Date of Confirmation or such date stipulated to by creditor and Debtor and approved by the Court.) (All payments shall be applied first to accrued interest and the balance to principal effective the date payments are disbursed by the Trustee.) (The allowed secured claims shall, or shall not, retain their liens under the Plan.) (c) Third to de b t s e n t i t l ed t o pr i o r i t y u n der a n d i n t h e o rder pres c r i b ed b y 11 U. S . C.247 507. Na m e o f Cred i to r Allowed Secured Claim I n t ere s t Rate Payment (i) (ii) (iii) (iv) (d) Fourth from the disposable income remaining after the above payments, dividends to unse cured cred i to rs w h o s e c l a i m s are f u ll y pr o v en a n d a l l o wed as f o l l o w s : (i) u n s ecured cred i t o rs w i l l rece i v e t h e g r ea t er o f a l l o f t h e De b to d i s p o s a b l e i n c o m e du r i n g t h e t erm o f t h e p l an pursua n t t o 11 U. S . C. 247 1225( b ) ( 1) ( B), o r (ii) t h e l i qu i da t i o n v a l ue o f t h e De b to n o n - e x e m pt a s s e t s pursua n t t o 11 U. S. C. 247 1225(a ) (4 )in the amount of [insert] each year . 3. T h e f o l l o w i n g e x ecu t o ry c o n t rac t s a n d l ea s es o f t h e De b t o r are re j ec t ed, t h e De b to r s h a l l s ur r e n der a n y c o l l a t era l , a n d a n y a l l o wed u n s ecured c l a i m f o r da m ages resu l t i n g f r o m s uch re j ec t i o n s h a l l b e pa i d u n der paragraph 2(d) a b o v e: 4. T h e se c ured pr o per t y de s cr i b ed b e l o w w i l l b e sur r e n dered t o t h e f o l l o w i n g n a m ed American LegalNet, Inc. www.FormsWorkFlow.com 45 cred i to rs, a n d a n y a l l o wed u n s ecured c l a i m resu l t i n g f r o m s uch s ur r e n der s h a l l b e pa i d u n der paragraph 2(d) a b o v e: 5. The following creditors' claims are fully secured, shall be paid directly by the Debtor pursuant to the original contract terms, and shall receive no payments under Paragraph 2 of this Plan: 6. T h e p r o per t y de s cr i b ed b e l o w i s t o b e s o l d, a l l o ff ers r ec e i v ed b y t h e De b t o r s h a l l b e p r o m p t l y c o m m u n i ca t ed t o t h e T rus t ee a n d a n y li e n h o l ders, a n d n o s a l e o f s uch pr o per t y s h a l l b e c o m p l e t ed w i t h o ut n ot i ce t o t h e T rus t ee a n d a n y li e n h o l ders a n d an o pp o r t u n i t y pr o v i ded f o r a h ear i n g o n s uch s a l e: 7. I n t ere s t o n a l l u n s ecured c l a i m s s h a l l h a v e cea s ed o n t h e da t e t h i s ca s e was f il ed. A l l a l l o wed u n s ecured c l a i m s o f $25 . 00 o r l e s s m ay b e pa i d i n ad v a n ce o f o t h er a l l o wed u n s ecured c l a i m s . 8. E x cept as pr o v i ded i n t h i s p l an o r i n t h e o rder c o n fi r m i n g t h i s p l a n , up o n c o n fi r m a t i o n o f t h i s p l an a l l o f t h e p r o per t y o f t h e es t a t e s h a l l v e s t i n t h e De b t o r f ree a n d c l ear o f a n y c l a i m o r i n t ere s t o f a n y cred i to r pr o v i ded f o r b y t h i s p l a n , pursua n t t o 11 U. S. C. 247 1227. 9. T h e C o urt m a y change t h e a m o u n t o f a n y o f t h e i n s t a l lm e n t pa y m e n t s pr o v i ded f o r b y t h i s p l a n , o r e x t e n d o r s h o r t en t h e t im e f o r a n y s uch pa y m e n t s , w h ere i t appe a rs, a f t er m ot i o n a n d h ear i n g up o n s uch n ot i ce as t h e C o urt m ay deem appr o pr i a t e, t h at t h e De b t o r ' s c h a n ge i n c i rcu m s t a n ces warra n t s such a change . 10. Attached to this Plan are: (i) Amortization schedules; (ii) Monthly cash flow from operations for period of the plan, including the Chapter 12 Plan payments; (iii) Liquidation analysis showing compliance with 11 U.S.C. 247 1225(a)(4). American LegalNet, Inc. www.FormsWorkFlow.com 46 DATED this day of, 20. De b to r De b to r Attorney for Debtor CERT I F IC A T E OF SERVICE I, t h e u n ders i g n ed, do h ere b y cer t i f y u n der pe n a l t y o f per j ury t h at o n t h e day of, 20 , a copy of the foregoing was served by electronic means pursuant to LBR 9013 - and/or by mail on the following parties : See attached mailing matrix [ I n s ert t h e n a m e a n d addre s s o f ea c h i n d i v i dual o r e n t i t y s er v ed.] * The attached list will not be mailed out to creditors but will be on file with the United States Bankruptcy Court. A copy will be provided upon request. [Na m e o f pers o n cer t i f y i n g t h e m a i li n g] [Mu s t c o m p l y w i t h M o n t . L BR 9013 - 1 ( d) ( 2), b y re f l ec t i n g t h e n a m e a n d addre s s o f ea c h par t y s er v ed, a n d b y b e i n g s i g n ed u n der pe n a l t y o f per j ur y n d b y i de n t i f y i n g t h e d o cu m e n t s er v ed. A l l cred i t o rs a n d a n y par t i es reque s t i n g s pec i al n ot i ce s h o u l d b e ser v ed w i t h t h i s P l a n . ] American LegalNet, Inc. www.FormsWorkFlow.com