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Chapter 13 Plan Form. This is a Alaska form and can be use in Bankruptcy Court Federal.
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Tags: Chapter 13 Plan, LBF-5, Alaska Federal, Bankruptcy Court
Attorney for Debtor(s)IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF ALASKA In re:Debtor(s)Case No.CHAPTER 13 PLANG OriginalG AmendedDated: The debtor(s) propose(s) the following Chapter 13 plan: 1.Payments to Trustee: The debtor(s) will pay to the trustee:(a) Monthly payments in the amount of , commencing on (not later than30 days after the petition is filed) and continuing on the same day of each month thereafter for the applicablecommitment period of G three years G five years or for months; (b) Permanent Fund Dividends received each year during the commitment period; (c) Tax Refunds: Debtor(s) G COMMIT(S) G DOES(DO) NOT COMMIT all tax refunds to funding theplan. Tax refunds will be paid in addition to the plan payments stated above. If no selection is made, taxrefunds are committed.(d) Additional payments of each ( in number), totaling , to be paid as follows:2.Trustee's Distributions to Creditors: From the payments so received, the trustee will makedisbursements in the following order (unless otherwise noted in paragraph 2(i)). (a) Allowed administrative expenses of the trustee as provided by 11 U.S.C. 247 507(a)(1)(C) in the amountof ten percent (10%), or the percentage set from time to time by the Attorney General of the United States,under 28 U.S.C. 247 586(e).(b) Allowed unsecured claims for domestic support as provided by 11 U.S.C. 247 507(a)(1).(c) Allowed Expenses of Administration as provided by 11 U.S.C. 247 507(a)(2), including: inestimated attorneys fees and costs for the debtor's attorney. (d) Cure of Arrearage on Secured Claims That Are Not Modified: Arrearage on secured creditor's claimsthat are duly filed and allowed, and are not modified, estimated as follows: American LegalNet, Inc. www.FormsWorkFlow.com CHAPTER 13 PLAN [Dated]2 (i) Residential Mortgage: Creditor/CollateralEstimatedArrearageNumber ofPaymentsEstimatedPaymentInterestRateCollateral(ii) Other Secured Claims: Creditor/CollateralEstimatedArrearageNumber ofPaymentsEstimatedPaymentInterestRateCollateralCreditor/CollateralEstimatedArrearageNumber ofPaymentsEstimatedPaymentInterestRateCollateral(e) Modified Secured Claims: Distributions to secured creditors whose claims are duly filed and allowed, butare modified, estimated as follows: Creditor/CollateralCollateralValueNumber ofPaymentsEstimatedPaymentInterestRateCollateralCreditor/CollateralCollateralValueNumber ofPaymentsEstimatedPaymentInterestRateCollateralCreditor/CollateralCollateralValueNumber ofPaymentsEstimatedPaymentInterestRateCollateral[This paragraph 2(e) addresses the repayment terms of all secured claims that are not addressed underparagraph 2(d) above or under paragraphs 2(f) or 3 below. These "modified secured claims" are all those heldby creditors whose rights are modified under applicable bankruptcy law. The allowed claims of each creditorlisted in paragraph 2(e) will be allowed as a secured claim in the amount of the value of the security and paidin installments as shown until the balance, with interest as stated, has been paid. The remainder of the amountowing will be allowed as a general unsecured claim and paid under the provisions of paragraph 2(h) if a proofof claim is duly filed and allowed.] American LegalNet, Inc. www.FormsWorkFlow.com CHAPTER 13 PLAN [Dated]3 (f) Secured Claims Not Modified. Distributions to secured creditors whose claims are duly filed and allowed,but are not modified and not paid directly by debtor under paragraph 3, in accordance with the contract termsas follows: Creditor/CollateralEstimatedBalanceNumber ofPaymentsEstimatedPaymentInterestRateCollateralCreditor/CollateralEstimatedBalanceNumber ofPaymentsEstimatedPaymentInterestRateCollateralCreditor/CollateralEstimatedBalanceNumber ofPaymentsEstimatedPaymentInterestRateCollateral(g) Allowed Priority Unsecured Claims in the order and in the amount prescribed by 11 U.S.C. 247 507(a)(3) -(a)(9) including the following estimated tax claims:Tax CreditorType of TaxYearAmountDebtor(s) will check the following correct answer: G Yes, I/we have filed all required tax returns. G No, I/we have not filed all required tax returns. (h) To Unsecured Non-priority Claims that are duly filed and allowed, the balance of the debtor's planpayments will be distributed pro-rata.(i) Alternate Payment Instructions to Trustee: G Payments under paragraphs 2(b), (c), and (g) are to be made in equal installments over the commitmentperiod.G Payments under paragraph 2(h) are to be made concurrently with payments made under paragraphs 2(a)226(f).G Other (specify) 3.Secured Claims Not Modified: The following creditors' claims are fully secured, are not modified, willbe paid directly by the debtor(s) outside the Plan under the original contract terms, and will receive nodistributions under Paragraph 2 (except distributions set out in paragraph 2(d) above): American LegalNet, Inc. www.FormsWorkFlow.com CHAPTER 13 PLAN [Dated]4 (a) Residential Mortgage: Creditor/CollateralEstimatedBalanceNumber ofPaymentsEstimatedPaymentInterestRateCollateral(b) Other: [See AK LBR 3015-1(b)(2)]Creditor/CollateralEstimatedBalanceNumber ofPaymentsEstimatedPaymentInterestRateCollateralCreditor/CollateralEstimatedBalanceNumber ofPaymentsEstimatedPaymentInterestRateCollateral4.Secured Property Surrendered: The secured property described below will be surrendered to thefollowing named creditors, and any duly filed and allowed unsecured claim resulting from such surrender willbe paid under Paragraph 2(g): CreditorProperty5.Executory Contracts: Except as provided above, the following executory contracts and unexpired leases of the debtor(s) are assumed or rejected as noted below. If rejected, the debtor(s) will surrender any collateralor leased property and any duly filed and allowed unsecured claim for damages will be paid under paragraph2(): Contract/LeaseAssumedRejectedGGGGGG6.Plan Analysis/Disposable Income Analysis/Liquidation Analysis/Schedule of Direct Payments: Theattached Plan Analysis, Disposable Income Analysis, Liquidation Analysis, and Schedule of Direct Paymentsto Creditors are accurate to the best of my (our) knowledge. If there are discrepancies between the Plan andthe analyses, the provisions of the Plan, as confirmed, control. American LegalNet, Inc. www.FormsWorkFlow.com CHAPTER 13 PLAN [Dated]57. Retention of Security Interests and Revesting of Property: Secured creditors will retain their liens untilthe claims as determined under applicable nonbankruptcy law have been paid in full or a discharge is enteredunder 11 U.S.C. 247 1328 as provided by 11 U.S.C. 247 1325(a)(5)(B). Except as provided in this plan or in theorder confirming the plan, upon confirmation of this plan all of the property of the estate vests in the debtor(s)free and clear of any claim or interest of any creditor provided for by this plan under 11 U.S.C. 247 1327. 8.Orders Granting Relief From Stay. If at any time during the life of this plan, an order terminating theautomatic stay is entered, no distributions under this plan will be made to the creditor obtaining relief fromstay until such time as the creditor files an amended proof of claim. The allowed claim for a deficiency willbe treated as a general unsecured claim under paragraph 2(g).9.Plan Changes: The court may after hearing, upon such notice as the court may designate, increase orreduce the amount or the time for payment where it appears that circumstances so warrant. 10.Certification. It is certified that the foregoing plan complies with the requirements of the applicableprovisions of the Bankruptcy Code (title 11, United States Code), the Federal Rules of Bankruptcy Procedure,and the Alaska Local Bankruptcy Rules.DATED:Attorney for Debtor(s) SIGNED UNDER PENALTY OF PERJURY. , Debtor ,Debtor American LegalNet, Inc. www.FormsWorkFlow.com CHAPTER 13 PLAN [Dated]6PLAN ANALYSIS (Numerical References are to Plan Paragraphs) Monthly Income and Expenses: Monthly Income from Schedule I (excluding Alaska PFD)Monthly Expenses from Schedule J Difference (Schedule I Schedule J)Debtor(s) Payments to Trustee: 1(a) (Mo. Pymt.) x (No. Pymts) = 1(b) (Perm. Fund) x (No. Years) =1(c)(Tax Refund) x (No. Years) =1(d)(Add'l P