Oklahoma Local Form 3015-1 Chapter 13 Plan is a document used by debtors to propose a plan for reorganizing their debts and assets in order to repay creditors. This type of plan is typically used by individuals who are unable to pay their debts and want to avoid filing for bankruptcy. The plan outlines how the debtor will reorganize their debts and assets in order to pay creditors over a three to five-year period. There are two types of Oklahoma Local Form 3015-1 Chapter 13 Plan: the traditional “wage earners” plan and the “self-employed” plan. The traditional wage earner plan requires debtors to make fixed payments to their creditors based on their income and expenses. The self-employed plan requires debtors to make fixed payments to their creditors, but also allows them to make additional payments if they have the financial means. Both plans must be approved by the court before they can be implemented.
Oklahoma Local Form 3015-1 Chapter 13 Plan
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How to fill out Oklahoma Local Form 3015-1 Chapter 13 Plan?
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