Fill and Sign the Application for Additional Debt Kentucky Form

UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF KENTUCKY APPLICATION FOR ADDITIONAL DEBT (Type forms and complete fully for approval) 1. Fill out, sign and date the application. 2. File an amended schedule I and J with the U. S. Bankruptcy Court and provide a copy to the Trustee’s ofce with your completed application. 3. Have your attorney approve and sign the application also. 4. Have the lending institution complete their part of the application. 5. The Chapter 13 Trustee's ofce reviews the application and then, if approved, forwards it to Bankruptcy Court for approval. It takes approximately 2-3 weeks to process the application. (The Trustee's ofce has no control over the length of time required for Court to review the application). 6. Call your Attorney if you have any questions or need help in flling out this application. 7. The Trustee's ofce will not give specifc information about your Chapter 13 case to any lending institution. We will mail a print out of your case to you if requested. You may share this information with any potential creditor. 8. We only send one payof letter to your Attorney, if you intend pay of your case. This amount will be mailed to you only after we have audited your case. *** Only COMPLETED APPLICATIONS will receive an audit *** 9. You must provide a written estimate if your application to incur debt is for home or vehicle repairs. Return the completed application to: Chapter 13 Trustee P. O. Box 2204 Lexington, Kentucky 40588 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF KENTUCKY IN RE: ) )       ) CASE NO.             )       ) Debtor(s) ) ) APPLICATION TO INCUR ADDITIONAL DEBT The Debtor hereby applies to the Court for approval of additional debt to be repaid by way of direct installment payments. The additional debt is as follows: PURCHASE PRICE:       (If this debt does not involve a purchase, skip down to "TOTAL AMOUNT OF DEBT"). DOWN PAYMENT:       TRADE-IN:       (if applicable) TOTAL AMOUNT OF DEBT:       MONTHLY INSTALLMENT:       PURPOSE OF DEBT:       NAME OF CREDITOR:       SECURITY: (Describe)       The debt is for property or services necessary for the Debtor(s) performance under the plan. The Debtor(s) will be able to make the payments on the new debt as well as maintain payments under the plan. Attached is a current income and expense budget form. The Trustee has reviewed the budget and believes it is a fair account of the Debtor(s) current fnancial situation. Previous application to incur additional debt?       Dated:       _________________________________ _________________________________ Debtor Debtor _________________________________ _________________________________ Attorney for Debtor(s) Chapter 13 Trustee CREDITOR'S COMMITMENT It is hereby acknowledged that       (Name of Borrower) has applied to       for credit as follows: (Lender) PURCHASE PRICE:       (If the new debt does not involve a purchase, skip down to "TOTAL NEW DEBT"). DOWN PAYMENT:       TRADE-IN:       (If Applicable) TOTAL NEW DEBT:       MONTHLY INSTALLMENT:       SECURITY:(DESCRIBE)             INTEREST RATE ON LOAN:       It is understood that the applicant is in an active Chapter 13 case in the Bankruptcy Court for the Eastern District of Kentucky. Approval of the credit extension is hereby granted subject only to the approval of said Bankruptcy Court which the Borrower undertakes full responsibility to obtain. DATE:       BY_____________________________________ (LENDER'S SIGNATURE AND TITLE) UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF KENTUCKY IN RE: ) )       ) CASE NO.             )       ) Debtor(s) ) ) ORDER APPROVING ADDITIONAL DEBT The debtor(s) have applied to the Court for approval of debt (after fling Chapter 13). The Trustee has no objection to such additional debt and feels that the additional debt should not interfere with the performance of the plan. IT IS HEREBY ORDERED that the Court approves the application of the above Debtor(s) to incur additional debt in an amount not to exceed $       for the purpose of             . The parties agree and it is so Ordered that such additional debt shall not be afected by any Chapter 13 discharge entered in this case. The Chapter 13 Trustee shall not be responsible for administering this additional debt. This the       day of       , 20       _________________________________________ BANKRUPTCY JUDGE Approve Entry: _________________________________ Attorney for the Debtor _________________________________ Chapter 13 Trustee