Chapter 13 Plan {LBF 3015.1-1}

1 L.B.F. 3015.1 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF PENNSYLVANIA In re: Case No.: Chapter: 13 Debtor(s) Chapter 13 Plan Original Amended Date: THE DEBTOR HAS FILED FOR RELIEF UNDER CHAPTER 13 OF THE BANKRUPTCY CODE YOUR RIGHTS WILL BE AFFECTED You should have received from the court a separate Notice of the Hearing on Confirmation of Plan, which contains the date of the confirmation hearing on the Plan proposed by the Debtor. This document is the actual Plan proposed by the Debtor to adjust debts. You should read these papers carefully and discuss them with your attorney. ANYONE WHO WISHES TO OPPOSE ANY PROVISION OF THIS PLAN MUST FILE A WRITTEN OBJECTION in accordance with Bankruptcy Rule 3015 and Local Rule 3015-4. This Plan may be confirmed and become binding, unless a written objection is filed. IN ORDER TO RECEIVE A DISTRIBUTION UNDER THE PLAN, YOU MUST FILE A PROOF OF CLAIM BY THE DEADLINE STATED IN THE NOTICE OF MEETING OF CREDITORS. Part 1: Bankruptcy Rule 3015.1 (c) Disclosures Plan contains non - standard or additional provisions 226 see Part 9 Plan limits the amount of secured claim(s) based on value of collateral 226 see Part 4 Plan avoids a security interest or lien 226 see Part 4 and/or Part 9 Part 2: Plan Payment , Length and Distribution 226 PARTS 2(c) & 2(e) MUST BE COMPLETED IN EVERY CASE 247 2(a)(1) Initial Plan: Total Base Amount to be paid to the Chapter 13 Trustee (223Trustee224) $ Debtor shall pay the Trustee $ per month for months; and Debtor shall pay the Trustee $ per month for months. Other changes in the scheduled plan payment are set forth in 247 2(d) 247 2(a)(2) Amended Plan: Total Base Amount to be paid to the Chapter 13 Trustee (223Trustee224) $ The Plan payments by Debtor shall consists of the total amount previously paid ($) added to the new monthly Plan payments in the amount of $ beginning (date) and continuing for months. Other changes in the scheduled plan payment are set forth in 247 2(d) American LegalNet, Inc. www.FormsWorkFlow.com 2 247 2 ( b ) Debtor shall make plan payments to the Trustee from the following sources in addition to future wages (Describe source, amount and date when funds are available, if known): 247 2(c) Alternative treatment of secured claims: None. If 223None224 is checked, the rest of 247 2(c) need not be completed. Sale of real property See 247 7(c) below for detailed description Loan modification with respect to mortgage encumbering property: See 247 4(f) below for detailed description 247 2(d) Other information that may be important relating to the payment and length of Plan: 247 2(e) Estimated Distribution: A. Total Priority Claims (Part 3) 1. Unpaid attorney222s fees $ 2. Unpaid attorney222s costs $ 3. Other priority claims (e.g., priority taxes) $ B. Total distribution to cure defaults (247 4(b)) $ C. Total distribution on secured claims (247247 4(c) &(d)) $ D. Total distribution on unsecured claims (Part 5) $ Subtotal $ E. Estimated Trustee222s Commission $ F. Base Amount $ Part 3: Priority Claims (Including Administrative Expenses & Debtor222s Counsel Fees) 247 3(a) Except as provided in 247 3(b) below, all allowed priority claims will be paid in full unless the creditor agrees otherwise: Creditor Type of Priority Estimated Amount to be Paid American LegalNet, Inc. www.FormsWorkFlow.com 3 247 3 ( b) Domestic Support obligations assigned or owed to a governmental unit and paid less than fullamount. None. If 223None224 is checked, the rest of 247 3(b) need not be completed. Part 4: Secured Claims 2474(a) Secured claims not provided for by the Plan: None. If 223None224 is checked, the rest of 247 4(a) need not be completed. Creditor Secured Property If checked, debtor will pay the creditor(s) listed below directly in accordance with the contract terms or otherwise by agreement. If checked, debtor will pay the creditor(s) listed below directly in accordance with the contract terms or otherwise by agreement. 2474(b) Curing default and maintaining payments None. If 223None224 is checked, the rest of 247 4(b) need not be completed. The allowed priority claims listed below are based on a domestic support obligation that has been assigned to or is owed to a governmental unit and will be paid less than the full amount of the claim. This plan provision requires that payments in 247 2(a) be for a term of 60 months; see 11 U.S.C. 247 1322(a)(4). Name of Creditor Amount of claim to be paid The Trustee shall distribute an amount sufficient to pay allowed claims for prepetition arrearages; and, Debtor shall pay directly to creditor monthly obligations falling due after the bankruptcy filing in accordance with the parties222 contract. Creditor Description of Secured Property and Address, if real property Current Monthly Payment to be paid directly to creditor by Debtor Estimated Arrearage Interest Rate on Arrearage, if applicable (%) Amount to be Paid to Creditor by the Trustee American LegalNet, Inc. www.FormsWorkFlow.com 4 247 4(c) Allowed secured claims to be paid in full: based on proof of claim or pre-confirmation determination of the amount, extent or validity of the claim None. If 223None224 is checked, the rest of 247 4(c) need not be completed. (1) Allowed secured claims listed below shall be paid in full and their liens retained until completion of payments under the plan. (2) If necessary, a motion, objection and/or adversary proceeding, as appropriate, will be filed to determine the amount, extent or validity of the allowed secured claim and the court will make its determination prior to the confirmation hearing. (3) Any amounts determined to be allowed unsecured claims will be treated either: (A) as a general unsecured claim under Part 5 of the Plan or (B) as a priority claim under Part 3, as determined by the court. (4) In addition to payment of the allowed secured claim, 223present value224 interest pursuant to 11 U.S.C. 247 1325(a)(5)(B)(ii) will be paid at the rate and in the amount listed below. If the claimant included a different interest rate or amount for 223present value224 interest in its proof of claim or otherwise disputes the amount provided for 223present value224 interest, the claimant must file an objection to confirmation. (5) Upon completion of the Plan, payments made under this section satisfy the allowed secured claim and release the corresponding lien. Name of Creditor Description of Secured Property and Address, if real property Allowed Secured Claim Present Value Interest Rate Dollar Amount of Present Value Interest Total Amount to be paid 247 4(d) Allowed secured claims to be paid in full that are excluded from 11 U.S.C. 247 506 None. If 223None224 is checked, the rest of 247 4(d) need not be completed. The claims below were either (1) incurred within 910 days before the petition date and secured by a purchase money security interest in a motor vehicle acquired for the personal use of the debtor(s), or (2) incurred within 1 year of the petition date and secured by a purchase money security interest in any other thing of value. (1) The allowed secured claims listed below shall be paid in full and their liens retained until completion of payments under the plan. (2) In addition to payment of the allowed secured claim, 223present value224 interest pursuant to 11 U.S.C. 247 1325(a)(5)(B)(ii) will be paid at the rate and in the amount listed below. If the claimant included a different interest rate or amount for 223present value224 interest in its proof of claim, the court will determine the present value interest rate and amount at the confirmation hearing. Name of Creditor Collateral Amount of Present Value Estimated total payments Claim Interest % $ % $ American LegalNet, Inc. www.FormsWorkFlow.com 5 247 4 ( e ) Surrender None. If 223None224 is checked, the rest of 247 4(e) need not be completed. (1) Debtor elects to surrender the secured property listed below that secures the creditor222s claim. (2) The automatic stay under 11 U.S.C. 247 362(a) and 1301(a) with respect to the secured property terminates upon confirmation of the Plan. (3) The Trustee shall make no payments to the creditors listed below on their secured claims. Credi