Indiana Chapter 13 Plan

State:
Indiana
Control #:
IN-B-113
Format:
PDF
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Description

Chapter 13 Plan Indiana Chapter 13 Plan is a type of debt repayment plan that allows individuals to reorganize their debt and repay it over a period of three to five years. This type of plan is available to filers who have a regular income and meet certain debt limits. It is designed to help individuals pay off their debts in full, while at the same time protecting their property from creditors. The two types of Indiana Chapter 13 Plans are the traditional and the modified plan. The traditional plan is based on the debtor's income and expenses, and requires regular payments to the trustee. The modified plan is a more flexible repayment plan that allows the debtor to make reduced payments over a longer period of time. Both plans require a debtor to attend credit counseling and provide detailed financial information to the court. Under Indiana Chapter 13 Plan, all creditors must be paid in full, although the amount paid to each creditor may be different. Any remaining amounts owed after repayment of all debts may be discharged. Additionally, the debtor must make all payments on time and in full, and must attend two financial management classes.

Indiana Chapter 13 Plan is a type of debt repayment plan that allows individuals to reorganize their debt and repay it over a period of three to five years. This type of plan is available to filers who have a regular income and meet certain debt limits. It is designed to help individuals pay off their debts in full, while at the same time protecting their property from creditors. The two types of Indiana Chapter 13 Plans are the traditional and the modified plan. The traditional plan is based on the debtor's income and expenses, and requires regular payments to the trustee. The modified plan is a more flexible repayment plan that allows the debtor to make reduced payments over a longer period of time. Both plans require a debtor to attend credit counseling and provide detailed financial information to the court. Under Indiana Chapter 13 Plan, all creditors must be paid in full, although the amount paid to each creditor may be different. Any remaining amounts owed after repayment of all debts may be discharged. Additionally, the debtor must make all payments on time and in full, and must attend two financial management classes.

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Indiana Chapter 13 Plan