Bankruptcy Repayment Plan

BANKRUPTCY REPAYMENT PLAN

This Bankruptcy Repayment Plan is made and entered into on by and between Debtor Name: and Chapter 13 Trustee Name: in the United States Bankruptcy Court for the jurisdiction of: , Case Number: .

RECITALS

WHEREAS, Debtor has filed a voluntary petition under Chapter 13 of the Bankruptcy Code and seeks to propose a plan for repayment of debts over a fixed period; and

WHEREAS, the Trustee administers confirmed plans and will receive and distribute plan payments in accordance with Court approval and the provisions of this Plan; and

WHEREAS, the parties desire to set forth the terms and conditions under which Debtor will make payments for the benefit of creditors and the Trustee will administer those payments.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

1. DEFINITIONS

For purposes of this Plan, the following terms have the meanings set forth below: "Allowed Claim" means a claim to the extent allowed by the Bankruptcy Court; "Priority Claim" means a claim entitled to priority under applicable bankruptcy law; "Secured Claim" means a claim secured by a lien on property of the estate to the extent of the value of the secured creditor's interest. Capitalized terms not defined herein shall have the meanings given in the Bankruptcy Code.

2. EFFECTIVE DATE AND TERM

The effective date of this Plan shall be the date of Court confirmation. The term of the Plan shall be months, commencing with the first payment due on .

3. PLAN PAYMENTS

Debtor shall make monthly payments to the Trustee in the amount of beginning on the plan start date and continuing each month thereafter until the earlier of the completion of the Plan term or entry of an order of dismissal or conversion.

Payments shall be made by check, electronic transfer, payroll deduction, or other method acceptable to the Trustee and shall be sent to the Trustee at the notice address set forth in Section 10. Debtor warrants that the payment amounts specified herein represent Debtor's best estimate of disposable income and shall promptly amend this Plan in the event of material change in financial circumstances.

4. TREATMENT OF CLAIMS

4.1 Priority Claims. Unless otherwise ordered by the Bankruptcy Court, Allowed Priority Claims shall be paid in full in deferred cash payments over the Plan term with interest only if required by applicable law.

4.2 Secured Claims. Secured creditors shall retain their liens until the earlier of payment in full under this Plan or discharge. The value, monthly cure amount, and proposed treatment of each secured claim shall be as set forth in the creditor schedules or as otherwise agreed in writing. Describe secured claim treatment:

4.3 Unsecured Claims. Allowed unsecured claims not entitled to priority shall receive a distribution equal to % of the allowed amount, or such greater amount as required to comply with the Bankruptcy Code. General unsecured claim treatment and anticipated distribution methodology:

5. ARREARAGES AND CURE PAYMENTS

Any pre-petition mortgage arrearage or other arrearage to be cured through the Plan is estimated as follows: Total arrearage amount: . Curing payments will be made through Trustee disbursements and allocated to the creditor in accordance with Court orders.

6. POSTCONFIRMATION CLAIMS AND ADEQUATE PROTECTION

Unless otherwise provided, claims arising after the Petition Date shall be paid in the ordinary course. Debtor shall provide adequate protection payments to secured creditors where required by the Court, and such payments shall be applied as specified by Court order.

7. DEFAULT

Failure by Debtor to make timely Plan payments or to comply with any material provision of this Plan shall constitute default. Upon default, the Trustee or a creditor may file a motion with the Bankruptcy Court to modify, dismiss, or convert the case, and the Court may grant relief as provided by the Bankruptcy Code.

8. MODIFICATION

This Plan may be modified prior to confirmation upon motion and notice to creditors and the Court. After confirmation, the Plan may be modified only in accordance with applicable provisions of the Bankruptcy Code, subject to the Court's approval. Any proposed modification shall be served on the Trustee and all affected creditors.

9. TRUSTEE DUTIES

The Trustee shall receive and hold all payments made under this Plan and shall distribute such funds to creditors in accordance with Court orders and the priorities established by the Bankruptcy Code. The Trustee shall provide periodic reports to the Court and the parties regarding receipts and disbursements.

10. NOTICES

Debtor Notice Address:

Trustee Notice Address:

All notices required under this Plan shall be in writing and shall be deemed delivered when sent to the notice address designated above or filed with the Bankruptcy Court. Either party may change its notice address by providing written notice to the other party and the Court.

11. GOVERNING LAW; COURT APPROVAL

This Plan shall be governed by and construed in accordance with the Bankruptcy Code and, to the extent not preempted, the laws of the state in which the Bankruptcy Court sits. This Plan is subject to approval by the Bankruptcy Court and shall become binding only upon the entry of a confirmation order. Nothing in this Plan shall be construed to waive any rights expressly reserved by law or order of the Court.

12. MISCELLANEOUS

Entire Agreement. This Plan constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, representations, and understandings.

Severability. If any provision of this Plan is held invalid or unenforceable, such holding shall not invalidate or render unenforceable any other provision of this Plan, which shall remain in full force and effect.

Amendment and Waiver. No amendment or waiver of any provision of this Plan shall be effective unless in writing and signed by the party against whom enforcement is sought and approved by the Bankruptcy Court where required.

Counterparts. This Plan may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

CERTIFICATIONS

Debtor certifies under penalty of perjury that the information contained in this Plan and any schedules or statements filed with the Court is true and correct to the best of Debtor's knowledge, and that Debtor will comply with all duties and obligations imposed by the Bankruptcy Code and by the confirmed Plan.

Trustee certifies that, to the extent applicable, the Trustee will administer payments and distributions under this Plan in accordance with the Bankruptcy Code and will report to the Court and parties as required by statute and Court rule.

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