Chapter 13 Plan

CHAPTER 13 PLAN. This form is the Mandatory Chapter 13 Plan used in the United States Bankruptcy Court for the Southern District of Ohio. It is filed by a debtor who is seeking relief under Chapter 13 of the U.S. Bankruptcy Code, which allows individuals with regular income to propose a court-approved plan to repay all or part of their debts over a period of time, typically three to five years. The form outlines the debtor’s proposed repayment terms, including the amount and frequency of payments to the bankruptcy trustee, how various categories of debts (such as secured claims, unsecured claims, and priority debts) will be treated, and whether any liens or mortgages will be modified or avoided. It also details the treatment of assets, leases, executory contracts, domestic support obligations, tax refunds, insurance, and any nonstandard provisions applicable to the specific case. Creditors and interested parties are notified of their rights to object to the plan before it is confirmed by the court. www.FormsWorkflow.com