The chapter 13 plan provides that the future earnings of the debtor(s) is submitted to the supervision and control of the court and will be paid by the debtor(s) to the chapter 13 trustee immediately. The form requires the debtor's signature and the signature of the joint debtor, if applicable.
Alabama Chapter 13 Plan
Category:
State:
Alabama
Control #:
AL-BKR-800S
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Word;
PDF;
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FAQ
Chapter 13 Eligibility Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $394,725 and secured debts are less than $1,184,200.
The Overall Chapter 13 Average Payment. The average payment for a Chapter 13 case overall is probably about $500 to $600 per month. This information, however, may not be very helpful for your particular situation.
In Chapter 13 bankruptcy, you pay your unsecured creditors an amount between 0 and 100% of what you owe them. The exact amount is depends on these rules: (1) The minimum amount you must pay is equal to the amount your unsecured creditors would have received had you filed for Chapter 7 bankruptcy.