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Last updated: 5/23/2024
Chapter 13 Plan
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Description
CHAPTER 13 PLAN. This form is used in bankruptcy proceedings in the United States, for cases filed in the Eastern District of Louisiana. It outlines the terms under which debtors propose to reorganize their debts and make payments to creditors over a specified period (typically 3-5 years). The plan includes provisions for payment to the trustee, treatment of secured and unsecured claims, treatment of priority claims, and other specifics such as tax refunds, nonexempt proceeds, and payments to be made directly by the debtor or through the trustee. It also addresses the treatment of property and the vesting of assets upon completion of the plan. www.FormsWorkflow.com