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 Plan Form Chapter 13 Trustee 2007

2007-2025 Form

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My name is Ron Drescher. I'm an attorney practicing bankruptcy and creditor's rights in Maryland, Delaware, Pennsylvania and Virginia. Today I want to answer the question, what is a zero distribution plan in Chapter 13. The answer to that question is that Chapter 13 offers you opportunities to do certain, very specific things. For example, you can discharge parking violations or other toll violations or speeding tickets in Chapter 13 where you can't do that in Chapter 7. Sometimes you can restructure an automobile loan if you've had the car for more than 910 days and the car is worth much less than what you owe. Sometimes you can cure arrears on a home mortgage so that you can catch up those arrears over 60 months and keep your home; and other types of things that are only available in Chapter 13. When that happens, you can file a plan that will payout your net disposable income over 5 years or 3 years, as the case may be, and it's possible that your net disposable

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