Unless the brand new court grants an expansion, the fresh new debtor need to file a repayment package on the petition otherwise inside two weeks pursuing the petition was submitted. Fed. Roentgen. Bankr. P. 3015. An agenda should be filed for courtroom acceptance and may give to possess money from fixed amounts into trustee into a frequent basis, generally biweekly or month-to-month. New trustee following directs money so you can creditors according to the regards to the program, which could render financial institutions lower than full percentage on the claims.
Discover around three style of claims: top priority, covered, and unsecured. Top priority states are the ones offered special updates because of the bankruptcy proceeding law, including very taxes and also the will cost you out of personal bankruptcy. (3) Safeguarded claims are the ones by which the brand new collector contains the proper restore specific possessions (we.elizabeth., the equity) if the borrower cannot pay the root personal debt. Verder lezen The fresh new Part 13 Plan and you will Confirmation Hearing