Free Appendix VII - Trustee's Loan Approval Request Form (Chapter 13) - Vermont

JAN M. SENSENICH
CHAPTER 13 STANDING TRUSTEE 2456 Christian Street, Suite 3 White River Jct., VT 05001 TELEPHONE (802) 649-1213 FAX (802) 649-1390 E-mail:[email protected]

LOAN APPROVAL REQUEST
DATE: DEBTOR'S NAME: CASE NO: _________________________________________________________ _________________________________________________________ _________________________________________________________

Before the Trustee can approve a request to enter into a new loan or refinancing, the debtors must notify their attorney of their intentions and determine, with their attorney's advice, if the new loan will adversely impact their plan or whether the loan will require court approval or modification of their plan. The trustee will not consider any loan approval requests for debtors represented by counsel unless their attorney approves this request by signing below. In addition, the trustee will need the following information: NAME OF LENDER: PROPOSED LOAN AMOUNT: PROPOSED MONTHLY PAYMENT: PROPOSED INTEREST RATE: ITEM BEING [ ] PURCHASED, (BE SPECIFIC): REASON FOR LOAN: [ ] LEASED, OR [ ] REFINANCED: ____________ ____________ ____________ ____________ ____________ ____________

IF THIS IS A REFINANCE OF A CURRENT LOAN, WHAT IS YOUR PRESENT RATE OF INTEREST AND MONTHLY PAYMENT AMOUNT? ____________ HAS THERE BEEN ANY CHANGE IN YOUR INCOME OR EMPLOYMENT SINCE YOU FILED YOUR BANKRUPTCY PETITION? [ ] YES [ ] NO IF YES, PLEASE EXPLAIN NATURE AND AMOUNT OF CHANGE: (use back if necessary) _______________________ Phone number where you can be reached: Dated: _______ Debtor Signature ATTORNEY APPROVAL I, ______ , debtor's attorney, have reviewed the above request and discussed it with the debtor, and believe it is both necessary for the debtor to incur the above debt and consistent with the debtor's budget and will not adversely affect the debtors ability to make payments under the debtor's plan. Dated: _______ ______________________________________ Debtor's Attorney TRUSTEE APPROVAL / NON APPROVAL I, Jan M. Sensenich, Chapter 13 Trustee, after having reviewed the above information, represent that I do / do not approve of the loan requested by the debtor. Approval of the loan by the trustee does not substitute for Court approval if such is necessary. Dated: Jan M. Sensenich, Chapter 13 Trustee _ _