Indiana Chapter 13 Plan (Cases Filed On Or After 10-17-05 Through 7-31-09) is a debt reorganization plan that allows an individual debtor to propose a repayment plan to creditors. Under this plan, individuals must make monthly payments to the court-appointed trustee who then distributes the payments to the creditors. The plan also allows individuals to keep certain assets while providing significant debt relief. It is typically used when individuals are unable to qualify for Chapter 7 bankruptcy because their income is too high. There are two different types of Indiana Chapter 13 Plans (Cases Filed On Or After 10-17-05 Through 7-31-09): the 36-month Plan and the 60-month Plan. The 36-month plan requires that all the debtor’s disposable income be paid into the plan for 36 months. The 60-month plan requires that all the debtor’s disposable income be paid into the plan for 60 months. In both plans, the amount of the debtor’s payment to the trustee depends on their disposable income. The debtor must also attend credit counseling prior to filing for Chapter 13 bankruptcy.
Indiana Chapter 13 Plan
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How to fill out Indiana Chapter 13 Plan?
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