Free Form 3015-1 - Chapter 13 Plan - Minnesota

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.

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1. DEBTOR'S PAYMENTS TO TRUSTEE -- 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 order for relief for a total of $ _________________. The minimum plan length is __36 or __60 months from the date of the initial plan payment unless all allowed claims are paid in a shorter time. 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 pay from available funds only creditors for which proofs of claim have been filed. The trustee may collect a fee of up to 10% of plan payments, or $ __________ , [line 1(d) x .10]. 3. ADEQUATE PROTECTION PAYMENTS [§ 1326(a)(1)(C)] ­ The trustee will promptly pay from available funds adequate protection payments to creditors holding allowed claims secured by personal property, according to the following schedule, beginning in month one (1). Creditor a. __________________________ b. __________________________ c.TOTAL Monthly Payment $________ $________ Number of Months Total Payments _______ _______ $ __________ $ __________ $ __________

4. EXECUTORY CONTRACTS AND UNEXPIRED LEASES [§ 365] ­ The debtor assumes the following executory contracts or unexpired leases. Cure provisions, if any, are set forth in ¶ 7. Creditor a.______________________________________ b.______________________________________ Description of Property _______________________________________________________ _______________________________________________________

5. CLAIMS NOT IN DEFAULT ­ Payments on the following claims are current and the debtor will pay the payments that come due after the date the petition was filed directly to the creditors. The creditors will retain liens, if any. Creditor a.___________________________________ b.___________________________________ c.___________________________________ Description of Claim _______________________________________________________________ _______________________________________________________________ _______________________________________________________________

6. HOME MORTGAGES IN DEFAULT [§ 1322(b)(5) and § 1322(e)] -- The trustee will cure defaults on the following claims secured only by a security interest in real property that is the debtor's principal residence. The debtor will pay the payments that come due after the date the petition was filed directly to the creditors. The creditors will retain liens. All following entries are estimates. The trustee will pay the actual amounts of default. Amount of Creditor Default a. _____________________ $______________ b. _____________________ $______________ c. _____________________ $______________ d. TOTAL Monthly Payment $______________ $______________ $______________ Beginning in Month # ___________ ___________ ___________ Number of Payments __________ __________ __________ TOTAL PAYMENTS $______________ $______________ $______________ $______________

7. CLAIMS IN DEFAULT [§ 1322 (b)(3) and (5) and § 1322(e)] -- The trustee will cure defaults on the following claims as set forth below. The debtor will pay the payments that come due after the date the petition was filed directly to the creditors. The creditors will retain liens, if any. All following entries are estimates, except for interest rate. Amount of Int. rate Creditor Default (if applicable) a. _____________________ $______________ ____ b. _____________________ $______________ ____ c. _____________________ $______________ ____ d. TOTAL Monthly Beginning in Number of TOTAL Payment Month # Payments PAYMENTS $______________ __________ __________ $_______________ $______________ __________ __________ $_______________ $______________ __________ __________ $_______________ $_______________

8. OTHER SECURED CLAIMS; SECURED CLAIM AMOUNT IN PLAN CONTROLS [§ 1325(a)(5)] -- The trustee will pay, on account of the following allowed secured claims, the amount set forth in the "Total Payments" column, below. The creditors will retain liens securing the allowed secured claims until the earlier of the payment of the underlying debt determined under nonbankruptcy law, or the date of the debtor's discharge. NOTWITHSTANDING A CREDITOR'S PROOF OF CLAIM FILED BEFORE OR AFTER CONFIRMATION, THE AMOUNT LISTED IN THIS PARAGRAPH AS A CREDITOR'S SECURED CLAIM BINDS THE CREDITOR PURSUANT TO 11 U.S.C. § 1327, AND CONFIRMATION OF THE PLAN IS A DETERMINATION OF THE CREDITOR'S ALLOWED SECURED CLAIM. Claim Secured Creditor Amount Claim PAYMENTS a. __________________ $_____________ $_______________ b. __________________ $_____________ $_______________ c. __________________ $_____________ $_______________ d. TOTAL Int. ___ ___ ___ Beginning ( Number Payments (Adequate in ( Monthly X of = on Account + Protection = TOTAL Rate Month # Payment) Payments) of Claim from ¶ 3) ______ ______ ______ $______ $______ $______ __________ $__________ __________ $__________ __________ $__________ $________ $________ $________ $________ $________ $________ $________

9. PRIORITY CLAIMS -- The trustee will pay in full all claims entitled to priority under § 507, including the following. The amounts listed are estimates. The trustee will pay the amounts actually allowed. Estimated Creditor Claim a. Attorney Fees $______________ b. Domestic support $______________ c. IRS $______________ d. MN Dept. of Rev. $______________ e. _________________ $______________ f. TOTAL Monthly Payment $______________ $______________ $______________ $______________ $______________ Beginning in Number of Month # Payments ___________ __________ ___________ __________ ___________ __________ ___________ __________ ___________ __________ TOTAL PAYMENTS $______________ $______________ $______________ $______________ $_____________ $______________

10. SEPARATE CLASSES OF UNSECURED CREDITORS -- In addition to the class of unsecured creditors specified in ¶ 11, there shall be separate classes of non-priority unsecured creditors described as follows: ____________________________________________________ The trustee will pay the allowed claims of the following creditors. All entries below are estimates. Interest Rate (if any) ____ ____ Claim Amount _______ _______ Monthly Payment ________ ________ Beginning in Month # ________ ________ Number of Payments _______ _______ TOTAL PAYMENTS $ _____________ $ _____________ $ _____________

Creditor a.______________ b.______________ c. TOTAL

11. 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, 6, 7, 8, 9 and 10 their pro rata share of approximately $______________ [line 1(d) minus lines 2, 6(d), 7(d), 8(d), 9(f), and 10(c)]. a. The debtor estimates that the total unsecured claims held by creditors listed in ¶ 8 are $_____________________. b. The debtor estimates that the debtor's total unsecured claims (excluding those in ¶ 8 and ¶ 10) are $__________________. c. Total estimated unsecured claims are $______________ [line 11(a) + line 11(b)]. 12. TARDILY-FILED UNSECURED CREDITORS -- All money paid by the debtor to the trustee under ¶ 1, but not distributed by the trustee under ¶ 2, 3, 6, 7, 8, 9, 10, or 11 will be paid to holders of nonpriority unsecured claims for which proofs of claim were tardily filed. 13. OTHER PROVISIONS -- The trustee may distribute additional sums not expressly provided for herein at the trustee's discretion. 14. SUMMARY OF PAYMENTS -- Trustee's Fee [Line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . . $ ________________________________ Home Mortgage Defaults [Line 6(d)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... $ ________________________________ Claims in Default [Line 7(d)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........... . . . . . . . . . . . . . . . ... . . $ ________________________________ Other Secured Claims [Line 8(d)] . . . . . . . . . . . . . . . . . . . . . . . . . . .................................. . . . . . $ ________________________________ Priority Claims [Line 9(f)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....... . . . . . . $ ________________________________ Separate Classes [Line 10(c)] . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ________________________________ Unsecured Creditors [Line 11] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . $ ________________________________ TOTAL [must equal Line 1(d)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . $ ________________________________
Insert Name, Address, Telephone and License Number of Debtor's Attorney:

Signed________________________________________________ DEBTOR Signed________________________________________________ DEBTOR (if joint case)