Bankruptcy Chapter 13 Plan

CHAPTER 13 PLAN

Debtor Name: Joint Debtor Name:

Case Number: Court: Chapter: 13

RECITALS

WHEREAS, Debtor filed a voluntary petition under Chapter 13 of the Bankruptcy Code on ; and

WHEREAS, Debtor proposes a plan to pay allowed claims through the Chapter 13 trustee and to provide for certain treatment of secured, priority, and unsecured claims as set forth below; and

WHEREAS, the purpose of this Plan is to provide for the orderly administration of Debtor's estate, to satisfy the requirements of 11 U.S.C. §1322 and §1325, and to provide creditors with distributions as provided herein.

NOW THEREFORE, Debtor proposes the following Plan to be submitted to the Court for confirmation.

1. DEFINITIONS

For purposes of this Plan, the following definitions apply: "Allowed Claim" means a claim that is allowed under 11 U.S.C. §502; "Domestic Support Obligation" means any debt as defined in 11 U.S.C. §101(14A). Other capitalized terms have the meanings given by the Bankruptcy Code.

2. PLAN PAYMENTS

Debtor shall pay to the Chapter 13 Trustee the sum of $ per month, commencing on or before and continuing for a period of months, or until all allowed claims provided for by this Plan are paid in full, whichever occurs first.

3. PRIORITY CLAIMS

Allowed priority claims as defined in 11 U.S.C. §507, including but not limited to certain taxes and domestic support obligations, shall be paid in full in deferred cash payments through the Plan unless the holder of such claim agrees otherwise. Estimated total of priority claims: $

4. ADMINISTRATIVE CLAIMS

Administrative expenses allowed under the Bankruptcy Code, including trustee commissions and reasonable attorney's fees approved by the Court, shall be paid in full. Debtor proposes attorney's fees in the amount of $ to be paid

5. TREATMENT OF SECURED CLAIMS

Secured claims shall be treated as follows. Unless otherwise stated, prepetition arrearages will be cured through Plan payments and post-petition mortgage or secured payments will be paid as they become due directly by Debtor or through the Trustee as specified.

Options (select all that apply to listed creditors): Cure arrearage and maintain payments Surrender collateral Valuation/Reduction of secured claim (cramdown) where permitted

6. UNSECURED CLAIMS

Allowed nonpriority unsecured claims shall be paid as provided herein. Debtor proposes payment in the amount of $ resulting in an estimated dividend of . If sufficient funds are not available, unsecured creditors will receive a pro rata distribution.

7. EXECUTORY CONTRACTS AND UNEXPIRED LEASES

Debtor elects to assume or reject executory contracts and unexpired leases as follows. Unless specified below, contracts and leases not expressly assumed are rejected upon confirmation.

8. VESTING OF PROPERTY

Except as otherwise provided herein, property of the estate shall revest in Debtor upon confirmation of this Plan. Upon completion of all Plan payments and entry of the discharge order, any remaining property of the estate shall revest in Debtor pursuant to 11 U.S.C. §1327(b).

9. POST-PETITION PAYMENTS

Post-petition obligations such as ongoing mortgage payments, lease payments, and other post-petition contractual obligations shall be paid as they become due directly by Debtor unless otherwise specified below.

10. COMPLIANCE WITH BANKRUPTCY CODE

Debtor certifies that the Plan complies with the provisions of 11 U.S.C. §1322 and §1325 to the best of Debtor's knowledge. Debtor further certifies that Debtor will timely file all required schedules, statements, and tax returns during the Plan term.

Means Test: Debtor declares that Debtor is above median below median for the applicable household size. Debtor's current monthly projected disposable income is $ .

11. MODIFICATION OF PLAN

The Plan may be modified by Debtor in accordance with 11 U.S.C. §1329. Any modification that materially affects the rights of creditors shall be filed and served on creditors and the Trustee, and shall require Court approval.

12. NOTICES

13. GOVERNING LAW; ENTIRE AGREEMENT; SEVERABILITY

This Plan shall be governed by federal bankruptcy law and, to the extent applicable, the laws of the state in which the Bankruptcy Court sits. This Plan constitutes the entire agreement between Debtor and creditors with respect to the subjects addressed herein and supersedes any prior representations or agreements. If any provision of this Plan is determined to be invalid or unenforceable, such determination shall not affect the validity or enforceability of any other provision of the Plan.

14. COURT JURISDICTION

The Bankruptcy Court shall retain jurisdiction to enforce this Plan and to resolve any disputes arising under or related to the Plan, including but not limited to objections to confirmation, determinations of claim status, motions to modify the Plan, and proceedings to enforce or interpret Plan provisions.

15. CERTIFICATION

I declare under penalty of perjury that the foregoing statements and the information provided in this Plan are true and correct to the best of my knowledge and belief. Debtor acknowledges that confirmation of this Plan binds Debtor to its terms and to the terms of the Bankruptcy Code applicable to Chapter 13 cases.

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