Order Confirming Chapter 12 Plan And Resolving Motions (For Cases Filed On Or After 10-17-05) {1255.05} | Pdf Fpdf Doc Docx | Oregon

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Order Confirming Chapter 12  Plan And Resolving Motions (For Cases Filed On Or After 10-17-05) {1255.05} | Pdf Fpdf Doc Docx | Oregon

Order Confirming Chapter 12 Plan And Resolving Motions (For Cases Filed On Or After 10-17-05) {1255.05}

This is a Oregon form that can be used for Bankruptcy Court within Federal.

Alternate TextLast updated: 9/12/2006

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UNITED STATES BANKRUPTCY COURT DISTRICT OF OREGON In re ) ) ) ) ) ) Case No. _________________ ORDER CONFIRMING CHAPTER 12 PLAN AND RESOLVING MOTIONS Debtor(s) The debtor's current plan was transmitted to the appropriate creditors and after hearing upon notice, the Court found the provisions of 11 USC §1225(a) were complied with, THEREFORE IT IS ORDERED that: 1. The debtor's plan dated _____________ as modified by any amendment shown in pt. 10 below, is confirmed. 2. The debtor shall incur no credit or debt obligations during the life of the plan without the trustee's written consent unless made necessary by emergency or incurred in the ordinary course of operating the debtor's business. Unless waived by the trustee in writing, the debtor shall immediately report to the trustee if actual or projected gross annual income exceeds by more than 10% the gross farming income and/or net farm income projected by the debtor in the most recently filed Exhibit D-1. Except for those amounts listed in the schedules, the debtor shall immediately report to the trustee any right of the debtor or debtor's spouse to a distribution of funds (other than regular farm income) or other property which exceeds a value of $2,500.00. This includes the right to disbursements from any source, including but not limited to bonuses and inheritances. Any such funds to which the debtor becomes entitled shall be held by the debtor and not used without the trustee's permission, or, if such permission is not obtained, a court order. The debtor shall not buy, sell, use, lease, encumber or otherwise dispose of any interest in: (a) real property; or (b) personal property with a value exceeding $10,000.00 outside the ordinary course of business without notice to all creditors and the trustee with an opportunity for hearing unless such property is acquired through the use of credit and the trustee's permission is obtained pursuant to the first sentence of this paragraph. 3. During the life of the plan, the debtor(s) shall timely file all required tax returns and provide copies of all tax returns to the trustee each year immediately upon filing with the taxing authority. The debtor's failure to pay postpetition taxes and/or domestic support obligations may constitute cause for dismissal of the debtor's chapter 12 case under 11 USC §1208(c). 4. The debtor's attorney is awarded $_________________, for attorney fees herein, of which $_________________ has been previously paid by the debtor leaving a balance of $_________________. The trustee is directed to pay any balance from sums remaining after payments under pt. 2(b) of the plan are current. 1255.05 (10/17/05) Page 1 of 2 [NOTE: Printed text may NOT be stricken!] American LegalNet, Inc. www.USCourtForms.com 5. The value of collateral securing debts due holders of secured claims is fixed at the values stated in the plan or the modifications in pt. 10 below. Executory contracts and unexpired leases are assumed or rejected as provided in the plan or the modifications in pt. 10 below. The name AND service address for each creditor affected by this paragraph are as follows: 6. Nothing in the proposed plan or in this order shall be construed to prohibit the trustee from prevailing in any adversary proceedings filed under 11 USC §§544, 545, 547, 548 or 549. 7. The debtor, if operating a business without a tax account, shall open a separate bank account and promptly deposit all sums withheld from employees' wages and all employer payroll taxes, and shall make no disbursements from such account except to pay tax liabilities arising from payment of wages. 8. All payments under the confirmed plan shall be paid no later than 5 years after entry of the first order confirming a plan in this case. If all payments are not completed by that date, the case may be dismissed. 9. All creditors to which the debtor is surrendering property pursuant to the plan are granted relief from the automatic stay to effect possession and to foreclose. 10. The debtor moves to amend the plan by interlineation as follows, which amendments are allowed and become part of the confirmed plan [NOTE: Debtor must INCLUDE a service address for any creditor named below]: 11. The terms of this order are subject to any objection filed within 15 days by [NOTE: Debtor must INCLUDE a service address for any affected creditor whose address is not already listed in pts. 5 or 10]: 12. The trustee is authorized to commence disbursements in accordance with the plan. 13. In the event this case is converted to one under Chapter 7 and the Chapter 12 trustee possesses funds aggregating more than $2,500.00 at the time of conversion, the trustee shall forward all such funds to the Chapter 7 trustee. In the event the funds in the trustee's possession at such time aggregate $2,500.00 or less, or in the event this case is dismissed, the trustee shall forward all funds in the trustee's possession to the debtor in care of the debtor's attorney, if any. Nothing in this paragraph is to be construed as a determination of the rights of the parties to such funds. ### I certify that on _____________ I served this Order on the trustee for submission to the court. __________________________________ DEBTOR OR DEBTOR'S ATTORNEY Approved: _____________________________ Trustee 1255.05 (10/17/05) Page 2 of 2 [NOTE: Printed text may NOT be stricken!] American LegalNet, Inc. www.USCourtForms.com

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