The Part 13 Plan and you may Confirmation Reading
Unless of course the latest court offers an expansion, the fresh borrower need certainly to file a repayment package to your petition otherwise within this two weeks pursuing the petition try filed. Provided. R. Bankr. P. 3015. An agenda must be recorded for judge recognition and ought to bring getting payments from repaired number towards the trustee into the a consistent base, generally speaking biweekly otherwise month-to-month. The fresh trustee up coming distributes the amount of money to creditors according to regards to the plan, which could bring financial institutions below full fee to their claims.
Discover around three form of claims: top priority, protected, and unsecured. Top priority claims are the ones supplied unique position of the case of bankruptcy legislation, eg most taxation as well as the can cost you out-of bankruptcy proceeding. (3) Covered claims are those which the fresh collector gets the best restore certain possessions (we.elizabeth., this new collateral) in case the debtor does not spend the money for underlying financial obligation. （更多…）