Motion Notice And Order For Adequate Protection Payments And Opportunity To Object {B1130}

B1130 (Form 1130) (12/17) Motion, Notice and Order for Adequate Protection Payments and Opportunity to Object. Chapter 13 is a form of bankruptcy that allows individuals with regular income to develop a plan to repay all or a portion of their debts over a period of three to five years. Adequate Protection Payments are payments made to secured creditors to ensure that they are protected during the bankruptcy process. The motion begins by stating that the debtor filed a petition under Title 11 to commence a Chapter 13 case. The debtor then proposes to make adequate protection payments to the holders of allowed secured claims, as required by §1326(a)(1)(c). The motion includes a table listing the secured creditor, collateral description, and adequate protection payment amount for each creditor. The motion then outlines how the debtor will make the adequate protection payments until the debtor's plan is confirmed. The options listed are for the trustee to disburse the payments monthly from the plan payments received from the debtor, for the debtor to disburse the payments monthly and provide evidence of such payment to the trustee, or for another method to be used. www.FormsWorkflow.com