Fill and Sign the Colorado 13 Form

LOCAL BANKRUP T CY FORM 3015-1.1 UNITED STATES BANKRUPTCY COURT DISTRICT OF COLORADO In re ____________________________________ ) Debtor ) ) Address ) _________________________________ ) Case No. __________________ _________________________________ ) _________________________________ ) ) Last four digits of Social-Security or Individual Tax- ) Chapter ___________ Payer-Identification (ITIN) No(s).,(if any): _______ ) ) Employer Tax-Identification (EIN) No(s).(if any): ) __________________________________________ ) CHAPT E R 13 PLAN INC L UDING VALUATION OF COLLAT E RAL AND C L A S SIFICAT IO N OF C L AIMS CHA P TER 13 PLAN: This chapter 13 plan dated ( m onth/da y / y ear) supersedes all previous l y fi l ed plans. NO T ICE T O CR E D IT ORS: THIS PLAN MAY MODIFY Y OUR R I GH T S. If y o u oppose any pro v ision of the plan y ou m u st file an objection w ith the bank ru p tcy court b y the deadline fixed b y t h e court. (App l icable deadlines given by separate notice.) If y o u do not file a time l y objection, you will be deemed to have accepted t h e te r m s of the plan, which m ay be confir m ed without fur th er notice or h earing. MOTIONS FOR VALUATION OF CO L LAT E RAL AND DETER M INATION OF SECU R ED STATUS U NDER 11 U . S.C. § 506 ( C heck any app l icable box(s)): □ This plan co n tains a m o tion for valuation of personal property collateral and dete r m ination of secured status under 11 U.S.C. § 506. □ The debtor is requesting a valuation of r eal property collateral and deter m ination of secured status under 11 U.S.C. § 506 by separate m o ti o n filed cont e m poraneous l y with this plan.or □ This plan co n tains a provision m odif y in g the value of real property collateral under 11 U.S.C. § 506 in accordance with a previously f iled m o tion or a prior order of this Court. List the date of a n y prev io usly filed m o tions, the stat u s of the m o tions (granted, objections p e ndin g , object i ons resolved) and a n y cor r esponding d o cket nu m bers: SECU R ED CLAIMS SU BJECT T O VAL U AT I ON OF C OL L ATE R AL A ND DET E RMI N AT I ON OF SECU R ED STATUS U NDER 11 U . S.C. § 506 (additional detail m u st be prov i ded at Part IV of the plan): Na m e of Creditor Des c ription of Collateral (pursuant to L.B.R. 3012 - 1) I. BACKGROUND IN FO RMATION A. Prior bankruptcies pending within one y e ar of the petition date for this case: Case N u mb e r & Chapter Discharge or Dismi s sal/ C onversionDate B. The debtor(s): [ ] is eligible for a discharge; or [ ] i s not eligible for a di s charge and is not seeking a discharge. C. Prior states of do m icile: within 730 days within 910 da ys The debtor is cla i m ing ex e m ptions avai l able in the [ ] sta t e of o r [ ] federal exe m ptions. D. The debtor o wes or anticipates owing a Domestic S u pport Obl i gation as defined in 11 U.S.C. § 101 ( 14A). Notice will/should be provided t o these parties i n interest: 1. Spouse/Parent 2. Governmen t 3. Assignee or other E . The debtor [ ] has provided the Trustee with the address and phone nu m ber of the D o m est i c Support Obl i gation recipient or [ ] cannot prov i de the address or phone nu m ber because it/they is/are not availabl e . F. The current m onthly inc o me of the debtor, as reported on I n terim Form B22C is: [ ] below, [ ] equal to, or [ ] above t h e applicable median income. II. PLAN A N A LYSIS A. Total Debt Provided for under the P l an and Administrative Expenses 1. Total Priori t y Cla i m s (C l ass One)a. Unpaid attorney ’s fees $ Total attorney ’s fees ar e est i m a ted to be $ of which $ _ has been p repaid. b. Unpaid attorney’s costs (estimated) $ c. Total Taxes $ Federal: $ ; State: $ d, Other $ 2. Total of payments to cure defaults (Class Two) $ 3. Total paymen t on secured cla i ms (C lass Three) $ 4. Total of payments on unsecur ed cla i ms (Class Four) $ 5. Sub-total $ 6. Total trustee's compensation (10% of d e btor 's pa yments) $ 7. Total debt and ad m i nistrative expenses $ B. Reconciliation with Chapter 7 THE NET P ROPERTY VALUES SET FOR T H B E LOW ARE L IQUIDATION VALUES RATH E R T HAN R EP L ACEM E NT VALUES. T HE REP LA CEMENT V ALUES M A Y APPEAR IN CLASS TH R EE OF THE PLAN. 1. Asse t s avail a ble to Class Four unsecured creditors if Chapter 7 filed: a. Value of debtor 's interest in non-exe mpt proper ty $ Property Value Less costs of sale Less L i ens X D e btor's Inter est Less Exemptions = Net Value b. Plus: value of property r ecoverable under avoiding powers $ c. Less: e st i m a t ed Chapter 7 a d m inistrative expenses $ d. Less: a m oun t s pa y able to priori t y creditors other than costs of a d m i nistration $ e. Equals: est i mated a m ount pa y able t o Class Four cre d itors if Chap t er 7 filed (if negative, enter zero) $ 2. Est i m ated pa y m ent to Class Four unsecured creditors under the Chapter 13 Plan plus any funds recovered f r om “other p r op e rt y ” described in Section III.A.3 below. III. PRO PE RTIES A ND FUTU R E E AR N I N GS SUBJECT T O THE SU P ERVI S ION AND CONTROL OF THE TRUSTEE A. The debtor s u b m its to the supervision a n d control of t h e Trustee all or such por ti on of the debtor's future earnings or other future income as is neces s ary for the execution of the Plan, including: 1. Future earnings of $ _ per m onth which shall be paid to the trustee for a period of app r oxi m ately m onths, beginni n g , 2 0 .Amount Number of Months Total One time payment and date 2. A m ounts for the p a y m ent of Class Five post-petition cla i ms included in above $ 3. Other property (specif y ): ___________________________________________________________________ ___________________________________________________________________ AT THE TIME THE FINAL PLAN PA Y MENT IS SUBMIT T ED TO THE TRUSTEE, THE DEBTOR SHALL FI L E WITH THE COURT TH E CERTIFICATION R E GARDING DOMEST I C SUPPORT O BLIGA T IO N S REQU I R E D BY 11 U.S.C. § 1328(a) AND, IF N O T ALREADY F ILED, INT ERIM FORM B23 REGA R DING CO M PLETION OF FIN A NCIAL MANAGEMENT INSTRUCTION REQUIRED BY 11 U.S.C. § 1328 (g)(1). B . Debtor agrees to m ake pa y ments under the Plan as follows: VOLUNTARY WAGE ASSIGN M ENT TO EMPLOYER: E m plo y e r ’s Name, address, telephone n u m b er ( ) OR DIRECT PAYMENT from debtor to Trustee: Paid in the f o llowing m anner: $ _to be d e ducted (weekl y, m onth l y , per p a y period, etc.) IV. CLA S SIF I CATION AND T R EATMENT O F CLAIMS CREDITOR RIGHTS M A Y BE AFFECTED. A WRITTEN O B JECTION M UST BE FI L ED IN O R DER TO CON T EST THE TE R MS OF THIS PLAN. CREDI T ORS OTH E R THAN THOSE IN CLASS TWO A AND CL A SS THREE MUST FILE TIMELY P R OOFS OF CLAIM IN ORDER TO RECEIVE THE APPLICABLE PA YMENTS. A. Class One – Claims entit l ed to priority under 11 U .S.C. § 507. Unless other provision is made in par a graph V.(C), each c r editor in Class One shall be paid in full in deferred cash pa y m ents prior to the co m menc e ment of distributions to any other class (except that the pa y m ents to the Trustee s h all be m ade b y de d u ction from each pa y m ent made by the debtor to t h e Trustee) as f o llows: 1. Allowed administrative expenses a. Trustee ' s c o mpensation (1 0 % of a m ounts paid b y deb t or under this Pl a n ) $ b. Attorne y 's Fees (est i mated and subject to allowance) $ c. Attorne y 's Costs (est i mated and subject to allowance) $ 2. Other prior i ty claims to be paid in t h e order of distribution provided by 11 U.S.C. § 507 (if none, ind i cate) a. D o m estic Support Obl i gations: A proof of claim m ust be ti m ely filed in order for the Trustee to distribute amounts provi d ed by the plan. Priority support arrearage: Debtor owes past due support to i n the total a m o unt of $ that will be paid as follows: [ ] Distributed by the Trustee pursuant to the te r m s of the Plan; or [ ] Debtor is m a king m onth l y pa y m ents via a wage order [ ] or directly [ ] (reflected on Schedule I or J) in the amount of $________________________ to ______________________________. Of that monthly amount, $________ is for current support payments and $_______________ is to pay the arrearage. Other: For the durat i on of t h e pla n , duri n g the a nniversary m onth of confi r mation, the d ebtor shall file with the Court a n d sub m it to t h e Trustee an update of the required info r mation regarding D o m estic Support Obl i gations and t h e s tatus of requ i red pa y m ents. b. Federal Taxes $ c. State Ta x es $ d. Other Taxes (describe): $ e, Other Class One Cla i ms ( if an y) (describe): $ [ ] N on e 1 The less e r o f this a m ount or t h e a m ount spe c i f i e d in the Pr o of of Clai m .B. Class Two – Defaults 1. Class Two A (if none, i nd i cate) – Claims set forth below are secured on l y b y an interest in real proper t y t h at is the debto r' s principal r e sidence loca t ed at (street address, cit y , state, and zip) . Defaults shall be cured and regular pa y m ents shall be made: [ ] N on e Creditor T o t a l D ef a ult Am o u n t t o be Cured 1 Intere s t R a te T o t a l Amount to Cure Arr e arage N o . of M o nt h s t o Cure Regular Pay m ent per (i.e. m o nth, week, et c .) to be Made Direct l y to C r editor and Date of First Payment 2 The less e r o f this a m ount or t h e a m ount spe c i f i e d in the Pr o of of Clai m .2. Class Two B (if none, i nd i cate) – Pursuant to 11 U.S.C. § 1322(b) ( 5 ), secured (other than cla i m s s ecured only by an inte r est in real p roperty that is the debtor's principal residence) or unsecured cla i ms set forth below on which the last pa y m en t is due after the date on which the final pa y m ent under the Plan is d u e. Defaults shall be cured and regular pa y m ents shall be made: [ ] N on e Credit o r C o llater a l T o t a l D ef a ult Am o u n t t o be Cured 2 Intere s t R a te Total Amount to Cu r e Arrea ra ge N o . of M o nt h s t o Cure Regular Pay m ent per (i.e. month, week, etc.) to be Made Dir e ctly to Credi t or a n d D a te of First P a yment 3. Class Two C – Executory contracts and unexpired leases. Exe c utory contracts and unexpired leases a r e r ejected, exc e pt the following which are ass u med: [ ] N on e Other Pa rt y t o L e ase or C o nt r a ct Prope r t y , if a ny, S u bje c t t o the C o nt r a c t o r Le a se T o t a l Amount to Cure, if any N o . of M o nt h s t o Cure Re g ular M o nt hly P a yme n t M ad e Directly to C r editor a nd D a te o f P a yment IN THE EVENT T HAT DEB T OR REJECTS TH E LEASE OR CONTRACT, CR E DITOR SHA L L FI L E A PROOF OF CL A IM OR AM EN DED P R OOF OF CL AI M REFLE C TI N G THE R EJ E CT I ON OF THE L EA S E OR C O NT RACT WI T HIN 30 DA Y S OF THE ENT R Y OF THE OR DE R CONFI R MING T HIS PLAN, FA I LI N G WH I CH T HE C L AIM MAY BE BARR ED. C. Class Thr e e – All other allowed secu r ed claims (o th er than tho s e designated in Classes Two A and Two B above) shall be divided i n t o separate classes to which 11 U.S.C. § 5 0 6 shall or shall not app l y as follows: 1. Secured clai m s subject to 11 U.S.C. § 506 (Real P r operty): Real Property: In accordance w ith F ED . R. B ANKR . P. 30 1 2, 7 0 04 and L .B.R. 3012 - 1, the debtor has filed and served a separa t e m o tion for valu a tion of co l lateral and deter m ination of secured status under 11 U.S.C. § 506 as to the real pr o p erty a n d claims listed on page 1 of t h is plan and below. The deb t or is requesting an o r der t h at the value o f the collateral is zero ($0) and the creditor ’ s claim i s unsecured. The plan is subject to the cour t ’ s order on t h e d ebtor’s m o tion. If the court grants the debto r ’s m o tion, the creditor will have an unsecured cla i m in either the a m ount of the debt as listed in the debto r ’s schedules or on a n y al lo wed proof of claim filed by the creditor (whichever is greater). The creditors listed on page 1 and below s h all retain the liens securing their cla i m s until discha r ge under 11 U.S.C. § 1328 or payment in full . Na m e of Cre d itor Descript i o n of C o ll a ter a l (pursuant to L.B.R. 30 1 2-1) Am o u n t of D e bt as S c heduled Pro o f of Claim a m ou n t, i f a n y 2. Secured claims sub j ect t o 11 U.S.C. § 506 (Personal Property): The debtor moves the court, thr o ugh t h is chapter 13 plan, f o r a valuation of collateral and dete r m ination of secured status und e r 11 U.S.C. § 506 regarding the personal property and cla i ms below. The following creditors shall retain the liens securing their cla i m s u n til discharge under 11 U . S.C. § 1328 or payment in full under non b ankrupt c y law , and th e y shall be pa i d the a m ount specified wh i ch represents the lesser of: (a) the value of their interest in collater a l or (b) the remaining balance pa y able on the debt over the period required to p a y the s u m in full. Any r e m aining portion of the allowed cla i m sh all be treat e d as a general unsecured cla i m . Any secured cla i m with a value of $0 shall be treated as a g eneral unsecured cl ai m . Creditor Descript i o n of C o llater a l Specify Treatm e nt (select a or b in ¶ 2 a b ov e ) Deb t o r ’s C o nte n ti o n of Value (replacem e nt valu e ) Am o u n t of Debt a s Scheduled Intere s t R a te T o t a l Am o u n t Payable 3. Secured claims to which 11 U.S. C. § 506 shall not apply (personal property). The following creditors shall retain the liens securing their cla i m s, and th e y shall be paid the a m ount specif i ed which rep r esents the remaining balance pa y able on the debt over the period required to p a y t h e sum in full: Creditor Descript i o n of Collate r a l Am o u n t of D e bt as S c heduled Intere s t R a te Total Amount Payable 4. Property be i ng surrend e red: The debtor surrenders the followi n g proper ty securing an allowed secur e d cla i m to the holder of su c h cla i m : Creditor Prope r ty Anticipat e d Date of Surrender Relief fr o m th e auto m at i c stay to per m it enforc e m ent of the liens encu m b ering surrendered proper t y shall be dee m ed g r anted by the Court at the t i me of confirmation of this Plan. With respect to pr o p er t y s u rrendered, no distribution o n the creditor ’ s cla i m shall be made unless that creditor files a proof of cla i m or an a m ended proof of claim to take into account t h e surrender of the p r oper t y . 5. Adequate Protection: The following creditor(s) shall receive payments in the nature of adequate protection p u rsuant t o L.B.R. 2 08 3 -1, if ap p licable, or u pon confirmation of the plan as follows: Credit o r C o llater a l Adequate P r otection Payment P a id Thr o u g h the Trustee Adequate P r otection Payment P a id By the d eb t o r (s) T o t a l P a y a ble Month l y in Equal Periodic P ayments [ ] None IF DEB T OR IS PRO P OSING T O MODIFY T HE RIGHTS OF CRE D I TO RS IN C L A S S TWO A ND / OR T HR E E, DEB T OR MUST SP E CIFI C AL L Y SER V E SUCH CR ED ITOR IN THE MANNER S P ECIFIED IN FED. R. BANKR. P. 9014 AND 7004. D. Class Four – Allowed un s ecured claims not otherwise re f er r ed t o in the Pla n. Class Four Cla i m s a r e provided for in an a m ount not l ess than the greater of: 1. The a m ount necessary to meet the best i n terests of c r editors pursu a n t to 11 U.S.C. § 1325(a)(4) as set forth in Part II; or 2. Total disposable inco m e f o r the applicable c o m m itment period defined b y 11 U.S.C. § 1325(b)(1)-(4). The m onthly disposable i n c o m e of $ has been calculated on Form B22C (Chapter 13). Total disposable inco m e is $ which is the product of m onth l y d isposable income of ti m es the applicable commitment period of . a. [ ] Class Four clai m s are of one class and shall be paid pro rata the sum of $ and shall be paid all funds re m a i ning after pay m ent by the Trustee of all prior classes; or A ti m ely filed clai m , fou n d b y t h e Cou r t to be n on-d i schargeable p u rsuant to 11 U.S.C. § 523(a)(2), (4), or (6), will share pro-rata i n the distribu t ion to Class Four. Collection of the balance is sta y ed until the case is dismissed, converted to a Chapter 7 or discharge enters, unless ordered othe r wise. b. [ ] Class Four c l a i m s a r e divided into m o re than one class as follows: E. Class Five (if none, indicate) – Post-petition claims allowed under 11 U.S.C. § 1305. Post-petition cla i ms allowed under 11 U.S . C. § 1305 s h all be paid a s follows: [ ] None V. OTHER P R OVI S IONS A. Pa y m ent will be made directly t o the c r editor by the debtor(s) on the following c l a i m s: Creditor Collateral, if any Monthly Payment Amount No. of Mon t hs to Payoff B. The effective date of this P l an shall be t h e date of entry of the Ord e r of Confir m a tion. C. Order of Distribution: 1. [ ] The a m ounts to be paid t o t h e Class One creditors sha l l be paid in fu ll, except that the Chapter 13 Trustee ’ s fee shall be paid up to, but not m o re than, the a m o unt accrued on a c tual p a y m ents made to date. After pa y m ent of the Class One creditors, the a m ounts to be paid to cure the defaults of the Class Two A, Class Two B and Class Two C c r editors shall be p a id in full before distributions to creditors in Class e s Three, Four, and Five (strike any portion of this sentence which is not a pplicable). T h e a m ounts to be paid t o t h e Class Three creditors shall be paid in full before distributions to creditors in Classes Four and Five. Distributions under the plan to unsecured creditors will on l y be m a de to credito r s whose cla i ms are allowed a nd are timely filed pursuant to Fed. R. B a nkr. P. 3002 and 3004 and after pa y m e n ts are made to Class e s One, Two A, Two B, Two C and Three above in the m anner specified in Section IV. 2. [ ] Distributions to classes of c redit o rs shall be in accordance with the order set forth above, e xcept: D. Motions to V o id Liens under 11 U.S.C. § 522(f). In accordance w ith Fed. R. Bankr. P. 4003 ( d), the debtor inten d s to file or h a s filed, b y se p arate m o tion served in accordance with Fed. R. Bankr. P. 7 00 4 , a m o tion to void l ien pu r suant to 11 U.S.C. § 5 22(f) as to the secured c r editors listed below: Credit o r C o llater a l, if any D a te M o ti o n t o Void Lien Filed Date of Order Granti n g Motion or P e nding E. Student Loans: [ ] No student loans [ ] Student loans are to be t r eated as an unsecu r ed C l ass Four claim or as follows : F. Restitution: [ ] No restitution owed. [ ] Debtor owes restitution in the total a m o unt of $ which is paid directly t o in the a m ount of $ _per m onth for a per i od of m onths. [ ] Debtor owes restitution to be paid as follows: . G. Other (list all additional provisions he r e): . VI. REVE S T M ENT OF PR OPE R TY IN DEB T OR All proper t y of the estate shall vest in t h e debtor at t h e ti m e of confir m ation of t h is Plan. VII. IN S U R ANCE Insurance in an a m ount to protect liens of credit o rs holding secured cla i m s is c u rrently in effect and will [ ] will not [ ] (check one) be ob t ained and kept in f o rce throughout the period of the Plan. Credi t or to W hom T his Applies Collate r a l Covered Cove r age A m ount Insu r a nce Company, P o licy No. and Agent Name, Address and Telephone No. [ ] Applicable policies will be endorsed to p r ovide a clause m aking the applicable creditor a loss pa y ee of the poli c y . VIII. P OST - CON F IR M AT I ON MODIFI C AT I ON The debtor must file and serve upon all parties in interest a m odified plan which will provide f o r allowed priority and allo w ed secured c l a i m s which w ere not filed and/or liquidated at the time of confirmation. The value of property to s atisfy 11 U.S.C. § 1325(a)(4) may be increased or reduced with the m odificat i on if app r opr i ate. The m odification will be filed no la t er than one y ear after the petition date. Failure of the deb t or to file the m odification m ay be g r ounds for dis m i s s a l. Dated: By: Signature of debtor Dated: By: Signature of joint debtor Dated: By: Counsel to Attorney re g i stration n u mber (if ap p lica b le) Business a d dress ( o r h o m e address for pro se ) Telephone nu m ber Facsi m ile nu m ber E- m ail address Comment a ry The entire Chapter 13 P l an m ust be co m pleted a n d filed with the original and each a m ended chapter 13 plan. Do not delete any p r ovision of this for m . M a rk provisions that do not apply as n/a. Other than expressing a m ore det a iled s t r ucture f or fu ture e arnin g s and pay m ents in Part III.A.1., no other m od i fications are allowed and any additional non- contradictory provisions m ust be recit e d in Part V. G.