Chapter 13 Plan {LBF 3015.1-1}

L.B.F. 3015.1 - CHAPTER 13 PLAN. This form is filed in the United States Bankruptcy Court for the Eastern District of Pennsylvania. This document is used by individuals who are filing for bankruptcy under Chapter 13 to propose a repayment plan for their debts. The plan outlines how the debtor intends to reorganize their finances, make payments over a period of time (usually 3 to 5 years), and repay creditors. The form includes sections detailing the debtor's plan payments, including the amount, frequency, and length of payments, as well as how funds will be distributed to creditors. It also addresses how secured claims (e.g., mortgages or car loans) and priority claims (e.g., taxes, child support) will be handled. The plan includes provisions for curing defaults, modifying loans, and treating unsecured claims. There are also sections covering executory contracts or leases, terms for the sale of real property, and the order in which payments to creditors will be made. Creditors may object to the plan, and the court will confirm it if no objections are filed. The document is signed by the debtor and their attorney, and it must be submitted for the court's approval. www.FormsWorkflow.com