Fill and Sign the Chapter 13 Plan United States Bankruptcy Court Northern Form

UNITED STATE BANKRUPTCY COURT EASTERN DISTRICT OF NORTH CAROLINA In Re: ) CIRCULAR LETTER ) and ) PROPOSED PLAN CHAPTER 13 DEBTOR – SOC. SEC. NO. ) No: B- C -13 DEBTOR – SOC. SEC. NO. ) (INCLUDE HERE ANY OTHER NAMES USED BY THE DEBTOR WITHIN THE PAST SIX YEARS.) TO THE CREDITORS OF THE ABOVE -NAMED DEBTOR: The above -named debtor has found it necessary to file a Chapter 13 petition. The debtor owes approximately $ in taxes, $ in secured debts, and $ in unsecured debts. The male debtor’s monthly take -home pay is approximately $ ; the female debtor’s monthly take -home pay is approximately $ The debtor has dependents. The debtor hopes to be able to avoid straight bankruptcy and\ is, therefore, proposing a Chapter 13 plan as follows: The debtor wi ll pay to the Trustee appointed by this Court from future earnings which\ are submitted to the supervision and control of the Court the sum of $ per for an initial period of 36 months. Said amount may be increased, r educed, extended or shortened by the Court. After payment of the costs o\ f administration, the Trustee shall disburse the monies received as follow\ s: (1) To priority and secured claims as may be approved and allowed by the Court. (Only the mortgages and sec urity interests which are valid and recorded, if such is required, and w\ hich have adequate security value are normally approved by the Court, and mon\ thly payments may be reduce in amount and extended in time in order to make the plan work); and (2) Balance of said monies to be applied to general unsecured claims. You will receive notice from the Court of the time and place of the firs\ t meeting o creditors and hearing date on any timely filed objections to confirmation, and a proof of claim form. The proof of claim and attachments should be prepared in duplicates and sent to the Standing Trustee listed on the notice of the first meeting o\ f creditors mailed by the court. If secured, a copy of security agreement and the recorded financing statement, if any, m ust be attached to the claim showing the amount of monthly payments. Claims should be filed with the Standing Trustee at least two (2) days\ before the first meeting of creditors. Your close attention to these notices will help to materially expedite paymen ts to creditors. THE INCOEM AND PROPERTIES OF THE ABOVE -NAMED DEBTOR HAVE BEEN UNDER THE CONTROL OF THE COURT SINCE THE INTITIAL FILING OF THIS CASE, AND ANY DISTURBANCE OF SIA\ D PROPERTIES BY ANY ACTION WILL BE SUBJECT TO CONTEMPT OF COURT PROCEEDINGS. A RESTRAINING ORDER IS AUTOMATICALLY ENTERED WHEN THE PETITION IS FILED RESTRAINING ALL CREDITO\ RS FROM COLLECTING, HARASSING OR BOTHERING THE DEBTOR DURING THIS CASE. This the day of , 20 . Attorney for Debtor Address State Bar Code No.