What happens once the debtor's assets are brought under the trustee's control?

The appointed trustee will collect and take control of a debtor's non-exempt assets, liquidate them, and distribute the proceeds to creditors.

How do I know when my Chapter 13 is over?

About 45 days after you've received your discharge, you will receive a document called a Final Decree. It's the document that officially closes your case. Once this document is received, you are no longer in bankruptcy.

Almost there, one moment

US Legal Forms
Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor...

Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004

Name: Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.6 (296 reviews)

Category:

Pennsylvania Bankruptcy - Official - Western District

State:

Pennsylvania

Control #:

PA-SKU-0420

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004 Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004 is a type of bankruptcy plan that is used in Pennsylvania. It is a type of debt repayment plan that allows a debtor to pay off their debts over a period of 3-5 years. The plan combines the claims of the debtor with the claims of the creditors and is filed under the Bankruptcy Code. The plan is based on the debtor's ability to pay and allows creditors to receive payments in full or in part. There are two types of Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004. The first type is a Wage Earner Plan, which is used by debtors who have a steady source of income and can commit to making regular payments. The second type is a Self-Employed Plan, which is used by debtors who are self-employed or have an irregular income. Both types of plans must be approved by the court, and if approved, creditors are prohibited from collecting on the debts included in the plan.

Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004 is a type of bankruptcy plan that is used in Pennsylvania. It is a type of debt repayment plan that allows a debtor to pay off their debts over a period of 3-5 years. The plan combines the claims of the debtor with the claims of the creditors and is filed under the Bankruptcy Code. The plan is based on the debtor's ability to pay and allows creditors to receive payments in full or in part. There are two types of Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004. The first type is a Wage Earner Plan, which is used by debtors who have a steady source of income and can commit to making regular payments. The second type is a Self-Employed Plan, which is used by debtors who are self-employed or have an irregular income. Both types of plans must be approved by the court, and if approved, creditors are prohibited from collecting on the debts included in the plan.

View Any Year Form 7 - Condominiums, Townhouses, Cottages and Room Rentals

View this form

View Form 21 - Transfer, Sale or Disposal of ALL Tangible Personal Property

View this form

View Ground Rent Registration Form

View this form

View Affidavit of Certificate of Redemption

View this form

View Blank Redemption Deed?

View this form

How to fill out Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant To Rule 3004?

If you’re searching for a way to appropriately prepare the Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004 without hiring a legal representative, then you’re just in the right place. US Legal Forms has proven itself as the most extensive and reputable library of formal templates for every private and business situation. Every piece of paperwork you find on our online service is created in accordance with nationwide and state laws, so you can be sure that your documents are in order.

Follow these simple guidelines on how to obtain the ready-to-use Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004:

Make sure the document you see on the page corresponds with your legal situation and state laws by checking its text description or looking through the Preview mode.
Type in the form name in the Search tab on the top of the page and select your state from the dropdown to locate another template in case of any inconsistencies.
Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the requirements.
Log in to your account and click Download. Register for the service and choose the subscription plan if you still don’t have one.
Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The document will be available to download right after.
Decide in what format you want to get your Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004 and download it by clicking the appropriate button.
Upload your template to an online editor to complete and sign it quickly or print it out to prepare your hard copy manually.

Another great advantage of US Legal Forms is that you never lose the paperwork you purchased - you can find any of your downloaded blanks in the My Forms tab of your profile any time you need it.

Form Rating

4.6

Satisfied(296)

Form popularity

FAQ

After filing the Chapter 13 petition, the debtor files a Chapter 13 plan. The plan proposes to pay creditors, including the IRS, over a period of 36 to 60 months. Sixty months is the maximum and most common payment period. Payments are typically in monthly installments.

Unlike chapter 7, creditors do not have standing to object to the discharge of a chapter 12 or chapter 13 debtor. Creditors can object to confirmation of the repayment plan, but cannot object to the discharge if the debtor has completed making plan payments.

The Chapter 13 Plan must: provide for payments of fixed amounts to the trustee on a regular basis, typically monthly. provide for the full payment of all claims entitled to priority under section 507 such as taxes and child support (unless the holder of a particular claim agrees to different treatment of a claim)

The appointed trustee will collect and take control of a debtor's non-exempt assets, liquidate them, and distribute the proceeds to creditors.

Advantages Offered in Chapter 13 but Not Chapter 7 You Can Catch Up on a Mortgage or Car Loan.You Can Force a Creditor Into a Payment Plan.You Can Protect a Codebtor on a Personal Debt.You Can Keep Property You'd Lose in Chapter 7.

Chapter 13 is often preferable to chapter 7 because it enables the debtor to keep a valuable asset, such as a house, and because it allows the debtor to propose a "plan" to repay creditors over time ? usually three to five years.

Within 30 days after filing the bankruptcy case, even if the plan has not yet been approved by the court, the debtor must start making plan payments to the trustee.

About 45 days after you've received your discharge, you will receive a document called a Final Decree. It's the document that officially closes your case. Once this document is received, you are no longer in bankruptcy.

More info

To Debtors: This form sets out options that may be appropriate in some cases, but the presence of an option on the form does not. The Debtor filed her Chapter 13 case on January 26, 2021.The claims bar date for governmental units was set for July 26, 2021. The Trustee's motion for order vacating order confirming Debtor's Chapter 13 Plan is a core proceeding under 28 U.S.C. § 157(b)(2)(L). FACTS. The debtor may file a chapter 13 plan with the petition. Upon plan confirmation, the estate ends, except as to funds the debtor successfully.

Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant to Rule 3004

Description

Related forms

How to fill out Pennsylvania Chapter 13 Plan Dated---Combined With Claims By Debtor Pursuant To Rule 3004?

Show more info

Form Rating

Form popularity

FAQ

What is the maximum period of a Chapter 13 repayment plan that does not require special court approval?

Do creditors object to Chapter 13 discharge?

What must a Chapter 13 plan do?

What happens once the debtor's assets are brought under the trustee's control?

What are two advantages to the debtor in filing a Chapter 13 procedure instead of Chapter 7?

Does a Chapter 13 plan allow a debtor to retain possession of his or her assets?

What days after a debtor files a Chapter 13 repayment plan the debtor must begin making payments?

How do I know when my Chapter 13 is over?

More info

Trusted and secure by over 3 million people of the world’s leading companies