Chapter 13 Plan And Related Motions | | Alabama

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Chapter 13 Plan And Related Motions |  | Alabama

Last updated: 8/8/2011

Chapter 13 Plan And Related Motions

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Description

CHAPTER 13 PLAN United States Bankruptcy Court Southern District of Alabama IN RE: ____________________________________________ ____________________________________________ SSN: XXX-XX-__________________ Date: _________________ MOTIONS INCLUDED BELOW: Motion(s) to Value Collateral Motion(s) to Assume or Reject Contracts or Lease(s) Motion to Extend Plan CREDITOR'S RIGHTS WILL BE AFFECTED BY THIS PLAN. You should read this and other documents sent to you carefully and discuss them with your attorney. TO FILE AN OBJECTION TO CONFIRMATION. Objections to Confirmation must be filed electronically at the Bankruptcy Court's website at www.alsb.uscourts.gov, or you may scan the documents into the ECF system at the courthouse. Objections to Confirmation must be filed by 12:00 p.m. (noon) two (2) days before the confirmation hearing. See Local Bankruptcy Rule 3015-3, which can be found at www.alsb.uscourts.gov , and click "local rules". PROOFS OF CLAIM. Proofs of claim must be filed electronically at the Bankruptcy Court's website at www.alsb.uscourts.gov, or you may scan the documents into the ECF system at the courthouse. THIS PLAN DOES NOT ALLOW CLAIMS. Creditors must file a Proof of Claim to be paid. 1. PAYMENT AND LENGTH OF PLAN Debtor(s) shall pay $ ____ per month to the Chapter 13 Trustee for _________ months with the first payment due 30 days from the date the petition is filed. Objections to the length of this Plan must be filed by 12:00 p.m. (noon) two (2) days before the confirmation hearing. 2. SECURED PRECONFIRMATION ADEQUATE PROTECTION PAYMENTS AND PAYMENTS TO LESSORS The Debtor proposes that the Trustee make adequate protection payments, or payments to lessors prior to the confirmation of this Plan, pursuant to §1326(a)(1) as follows: Case No. _______________________ Chapter 13 SSN: XXX-XX-_________________ CREDITOR COLLATERAL DESCRIPTION AMOUNT OF MONTHLY PAYMENT The Trustee shall commence making such payments to creditors holding allowed claims secured by an interest in real and personal property or leases of real and personal property consistent with the Trustee's distribution process and only after the timely filing of a 1 (5/20/2011) proof of claim by such creditor. In the event of preconfirmation conversion and/or dismissal, all adequate protection payments received by the Trustee shall be distributed to creditors as so designated. The Trustee shall receive the percentage fee fixed under 28 U.S.C. §586(e) on all adequate protection payments. Upon confirmation the treatment of such claims will be governed by Sections 3 and 5. 3. SECURED ALTERNATE MONTHLY PAYMENTS The debtor proposes that the Trustee make the following Alternate Monthly Payments (AMP) beginning on the first distribution after entry of a Confirmation Order and until such time as the Attorney's fees provided for in Section 4 are paid in accordance with Amended Local General Order No. 4. Once the Attorney's fees are paid in full, the claims shall be paid in accordance with Sections 5 and 6. CREDITOR COLLATERAL DESCRIPTION AMOUNT OF AMP PAYMENT 4. ATTORNEY'S FEES FOR DEBTOR(S)' BANKRUPTCY COUNSEL The following attorney's fees shall be paid by the Trustee pursuant to Amended Local General Order No. 4. DEBTOR'S COUNSEL TOTAL FEE 5. SECURED BY COLLATERAL Debtor moves to value the collateral, set the interest rate and/or pay the secured claims on the terms and conditions listed below unless otherwise ordered by the Court. Any portion of a secured claim that exceeds the amount(s) set forth in this section shall be paid as a general unsecured claim pursuant to Section 10. CREDITOR COLLATERAL DESCRIPTION COLLATERAL VALUE INTERES T RATE §1325(a)(5) AMOUNT Debtor shall pay all other allowed secured creditors in full pro-rata after payments set forth in Sections 5 and 6. 6. DOMESTIC SUPPORT OBLIGATIONS The Debtor proposes that the Trustee shall pay the following pre-petition Domestic Support Obligations (DSO) pursuant to §507(a)(1) unless the claimant agrees or the Court orders otherwise. The DSO creditor shall receive the proposed AMP payment along with the secured creditors listed in Section 3. Once the Attorney's fees are paid in full, the DSO creditor shall be paid the proposed preference payment along with secured creditors listed in Section 5. The Debtor shall directly pay all Domestic Support Obligations that become due after the filing of the petition. 2 (5/20/2011) CREDITOR SCHEDULED ARREARAGE AMOUNT OF AMP PAYMENT PREFERENCE PAYMENT 7. CURING DEFAULTS AND MAINTAINING DIRECT PAYMENTS Debtor shall maintain the following monthly payments and pay them directly to creditor. Trustee shall pay the allowed claims for arrearages at 100% pro-rata through this Plan after payments set forth in Sections 5 and 6. CREDITOR COLLATERAL DESCRIPTION DIRECT PAYMENT 8. PRIORITY CLAIMS (EXCLUDING DOMESTIC SUPPORT OBLIGATIONS) The Debtor will pay all priority claims pursuant to §1322(a)(2) in full, pro rata unless claimant expressly agrees otherwise. CREDITOR TYPE OF PRIORITY SCHEDULED AMOUNT 9. PRIORITY CLAIMS SUBJECT TO SUBORDINATION Pursuant to §1322(a)(4), the following priority creditors shall not be paid in full. CREDITOR REASON FOR SUBORDINATION SCHEDULED AMOUNT 10. UNSECURED CLAIMS Allowed non-priority unsecured claims shall be paid through the distribution of all available disposable income at a percentage to be determined by the Trustee for the number of months set forth in Section 1. 11. SURRENDERED PROPERTY Debtor surrenders the following collateral. Upon confirmation, the automatic stay (including the co-debtor stay) is lifted as to surrendered collateral. Any claim submitted by such creditor will receive no distribution under this Plan until an amended proof of claim is filed by such creditor, reflecting any deficiency balance remaining following surrender. CREDITOR COLLATERAL DESCRIPTION 3 (5/20/2011) 12. EXECUTORY CONTRACTS AND UNEXPIRED LEASES Debtor moves that the following executory contracts and/or leases receive the designated treatment: CREDITOR COLLATERAL DESCRIPTION REJECT ASSUME 13. OTHER PLAN PROVISIONS AND MOTIONS (a) Lien Retention Except as provided above in Sections 5 and/or 7, allowed secured claim holders shall retain liens until liens are released or upon completion of all payments under this Plan. Vesting of Property of the Estate Property of the Estate shall revest in the Debtor(s) upon discharge or dismissal of the case. Direct Payment by Debtor Secured creditors and lessors to be paid dire

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