Exhibit #1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF TEXAS EL PASO AND WACO DIVISIONS IN RE: Debtor(s) § § § § § CASE NO. Chapter 13 Proceeding G AMENDED G MODIFIED DEBTOR(S)’ CHAPTER 13 PLAN AND MOTIONS FOR VALUATION AND LIEN AVOIDANCE Creditors are hereby notified that the following Plan may be amended at any time before confirmation. Any amendment may affect your status as a creditor. The Debtor’s estimate of how much the Plan will pay, projected payments, and estimates of the allowed claims may also change. The following information advises creditors of the status of the case based on the information known at the time of its preparation. Any special concerns of a creditor may justify attendance at the Meeting of Creditors and such other action as may be appropriate under the circumstances. More detailed information is on file at the Office of the United States Bankruptcy Clerk in El Paso or Waco, Texas. Local Bankruptcy Rules and Standing Orders on procedures are available at the Clerk’s Office and online at www.txwb.uscourts.gov. Use of the singular word “Debtor” in this Plan includes the plural where appropriate. Plan Summary A. The Debtor’s plan payment will be $__________ per month, paid by G Pay Order or G Direct Pay, for ________ months. The gross amount to be paid into the Plan is $_____________________. B. The Plan proposes to pay all allowed priority claims in full, all secured claims to the extent of the value of the collateral or the amount of the claim, whichever amount is provided for in Section VI below, and approximately _________ % of each unsecured allowed claim. THIS PLAN DOES NOT ALLOW CLAIMS. YOU MUST FILE A PROOF OF CLAIM BY THE APPLICABLE DEADLINE TO RECEIVE DISTRIBUTIONS UNDER ANY PLAN THAT MAY BE CONFIRMED. CREDITORS ARE REFERRED TO THE FEDERAL RULES OF BANKRUPTCY PROCEDURE, THE LOCAL BANKRUPTCY RULES FOR THE WESTERN DISTRICT OF TEXAS, AND THE APPLICABLE STANDING ORDER RELATING TO CHAPTER 13 CASE ADMINISTRATION FOR THIS DIVISION, FOR INFORMATION ON THESE AND OTHER DEADLINES. C. The value of the Debtor’s non-exempt assets is $___________________. D. If the payment of any debt is proposed to be paid directly by the Debtor outside the Plan, it is so noted in Section VI(1), set forth below. Form 11/7/05 American LegalNet, Inc. www.FormsWorkflow.com Plan Provisions I. Vesting of Estate Property G Upon confirmation of the Plan, all property of the estate shall vest in the Debtor and shall not remain as property of the estate. G Upon confirmation of the Plan, all property of the estate shall not vest in the Debtor, but shall remain as property of the estate. G Other (describe): II. Pre-Confirmation Disbursements In accordance with the applicable Standing Order Relating to Chapter 13 Case Administration, the Debtor requests and consents to disbursement by the Chapter 13 Trustee of payments prior to confirmation of the Plan to evidence the Debtor’s good faith, promote successful completion of the case, and to provide adequate protection to secured creditors. The Debtor shall remit such payments to the Trustee commencing 15 days after the filing of the petition. Provided all conditions for disbursement are met and unless otherwise ordered by the Court, the Trustee shall begin disbursing to creditors as provided below, on the first regularly scheduled disbursement after 30 days after the petition is filed. Payments under this paragraph will cease upon confirmation of the Plan. Creditor/Collateral Pre-Confirmation Payment Amount Other Treatment Remarks III. Executory Contracts/Unexpired Leases/Contracts for Deed Pursuant to 11 U.S.C. § 1322(b)(7) of the Bankruptcy Code, the Debtor hereby elects to assume the following executory contracts, unexpired leases, and/or contracts for deed, if any: Pursuant to 11 U.S.C. § 1322(b)(7) of the Bankruptcy Code, the Debtor hereby elects to reject the following executory contracts, unexpired leases, and/or contracts for deed, if any: IV. Motion to Value Collateral Pursuant to 11 U.S.C. § 506 The Trustee shall pay allowed secured claims, which require the filing of a proof of claim, to the extent of the value of the collateral or the amount of the claim, whichever amount is provided for in Section VI(2), hereof, plus interest thereon at the rate specified in this Plan. Except for secured claims for Form 11/7/05 American LegalNet, Inc. www.FormsWorkflow.com which provision is made to pay the full amount of the claim not withstanding the value of the collateral, the portion of any allowed claim that exceeds the value of the collateral shall be treated as an unsecured claim under Section VI(2)(F). The Debtor(s) move(s) to value the collateral described below in the amounts indicated. The values as stated below represent the replacement values of the assets held for collateral, as required under Section 506(a)(2). Objections to valuation of collateral proposed by this Motion and Plan must be filed no later than ten (10) days prior to the confirmation hearing date. If no timely response or objection is filed, the relief requested may be granted in conjunction with confirmation of the Plan. Creditor/Collateral Estimated Claim Value of Collateral Monthly Payment or Method of Disbursement Interest Rate Anticipated Total to Pay Other Treatment/Remarks "I declare under penalty of perjury under the laws of the United States of America that the foregoing is true and correct. Executed on , 200 .” ___________________________________ Debtor ___________________________________ Co-Debtor V. Motion to Avoid Lien Pursuant to 11 U.S.C. § 522(f) The Bankruptcy Code allows certain liens to be avoided. If a lien is avoided, the claim will not be treated as a secured claim but as an unsecured claim under Section VI (2)(F). The Debtor moves to avoid the following liens that impair exemptions. Objections to lien avoidance as proposed in this Plan must be filed no later than ten(10) days prior to the confirmation hearing date. If no timely objection is filed, the relief requested maybe granted in conjunction with confirmation of the Plan. (Debtor must list the specific exempt property that the lien impairs and the basis of the lien–e.g., judicial lien, nonpurchase-money security interest, etc.) Creditor Property Subject to Lien Amount of Lien to Be Avoided Remarks VI. Specific Treatment for Payment of Allowed Claims 1. PAYM ENTS TO BE M ADE BY THE DEBTOR DIRECTLY TO CREDITORS. INCLUDING POST-PETITION DOM ESTIC SUPPORT OBLIGATIONS A. Debtor(s) shall pay the following creditors directly. Creditors with claims based on a postpetition domestic support obligation (“DSO”), including all governmental units to which a DSO claim has been assigned, or is owed, or that may otherwise recover a DSO claim, must be paid directly. Minors Form 11/7/05 American LegalNet, Inc. www.FormsWorkflow.com should be identified by their initials only. If no DSO creditor is listed, the Debtor represents he/she has no domestic support obligation. All direct payments listed below shall be made in addition to the Plan payments made by Debtor to the Chapter 13 Trustee as herein set forth. Secured creditors who are paid directly shall retain their liens, and the Debtor(s) shall maintain insurance on the collateral, in accordance with the terms of the documents creating the lien on the collateral. Creditor/Collateral, if any (including the name of each DSO creditor) Remarks Debt Amount Payment Amount/Interval B. Debtor surrenders the following collateral. Confirmation of the Plan shall operate to lift the automatic stay provided by 11 U.S.C. § 362(a) with respect to the collateral listed, and any unsecured deficiency claim may be filed in accordance with the procedures set forth in the Standing Order Relating to Chapter 13 Case Administration for this Division. Creditor/Collateral Collateral to Be Surrendered 2. PAYM ENTS TO BE M ADE BY TRUSTEE TO CREDITORS A. Administrative Expenses Administrative Expenses shall include the Trustee’s commission and debtor’s attorney’s fees. The Trustee shall receive up to 10% of all sums disbursed, except on any funds returned to the Debtor. No fees or expenses of counsel for the debtor(s) may be paid until the filing fee is paid in full, and any fees and expenses that are allowed in addition to the fees and expenses originally agreed to be paid, may be paid only after all prior allowed fees and expenses have been paid. Creditor Form 11/7/05 Estimated Amount of Debt Payment Method: before secured creditors, after secured creditors, or along with secured creditors Remarks American LegalNet, Inc. www.FormsWorkflow.com B. Priority Claims, Including Domestic Support Obligation Arrearage Claims Creditor Estimated Amount of Debt Payment Method: before secured creditors, after secured creditors, or along with secured creditors Remarks C. Arrearage Claims Creditor/Collateral Estimated Claim Estimated Value of Collateral Monthly Payment or Method of Disbursement Interest Rate Anticipated Total to Pay Other Treatment/Remarks D. Cure Claims on Assumed Contracts, Leases, and Contracts for Deed: Creditor/Subject Property, if any Estimated Amount of Cure Claim Monthly Payment or Method of Disbursement Remarks E. Secured Creditors Secured creditors shall retain their liens on the collateral that is security for their claims until the earlier of the date the underlying debt, as determined under non-bankruptcy law, has been paid in full, or the date of discharge under 11 U.S.C. § 1328. Therefore, if the debtor’s case is dismissed or converted without completion of all Plan payments, the liens shall be retained by the creditors to the extent recognized by applicable non-bankruptcy law. Creditor/Collateral Form 11/7/05 Estimated Claim Value of Collateral Monthly Payment or Method of Disbursement Interest Rate Anticipated Total to Pay Other Treatment/ Remarks (specifically note if claim amount to be paid although greater than value of collateral) American LegalNet, Inc. www.FormsWorkflow.com F. General Unsecured Creditors (including claims from rejection of contracts, leases and contracts for deed). Describe treatment for the class of general unsecured creditors. Totals: Administrative Claims _______________________ Priority Claims _____________________________ Arrearage Claims ___________________________ Cure Claims _______________________________ Secured Claims ____________________________ Unsecured Claims __________________________ VII. Supplemental Plan Provisions The following are the Supplemental Plan Provisions: Respectfully submitted this day of , 200 . ________________________________________ Attorney for Debtor ________________________________________ ________________________________________ Address, Phone & Fax Numbers ___________________________________ Debtor ___________________________________ Co-Debtor ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Address ___________________________________ Address Certificate of Service ATTACH PROPOSED PAYMENT SCHEDULE, IF AVAILABLE Form 11/7/05 American LegalNet, Inc. www.FormsWorkflow.com