Rhode Island Order Confirming Chapter 13 Plan - B 230B

• Category: Bankruptcy - Plans
• State: Multi-State
• Control #: US-B-230B
• Format: Word; PDF; Rich Text

Description

This form is an order confirming a chapter 13 plan. The plan is confirmed with certain provisions encompassing payment amount, due date of payment, and period of payments. Rhode Island Order Confirming Chapter 13 Plan — B 230B is a legal document that plays a crucial role in the bankruptcy proceedings in Rhode Island. This court order confirms the proposed Chapter 13 repayment plan presented by the debtor and provides a roadmap for how the debtor will repay their debts over a specified period of time. In Rhode Island, there are different types of Order Confirming Chapter 13 Plan — B 230B based on the specific circumstances of the bankruptcy case. Here are a few common variations: 1. Individual Debtor Chapter 13 Plan: This type of Order Confirming Chapter 13 Plan — B 230B applies to individual debtors who seek to reorganize their finances and repay their debts over a three to five-year period. It outlines the debtor's proposed repayment schedule, including the amount to be paid to each creditor and the duration of the plan. 2. Joint Debtor Chapter 13 Plan: In cases where a married couple files for Chapter 13 bankruptcy jointly, a Joint Debtor Chapter 13 Plan is submitted. This order confirms the repayment plan for both spouses and addresses their joint obligations, taking into consideration their combined income, expenses, and debts. 3. Self-Employed Debtor Chapter 13 Plan: For self-employed individuals seeking debt relief through Chapter 13 bankruptcy, a Self-Employed Debtor Chapter 13 Plan is required. This variation takes into account the debtor's unique income structure, business expenses, and the potential fluctuations in their earnings. 4. Mortgage Modification Chapter 13 Plan: When a debtor wishes to modify the terms of their mortgage during a Chapter 13 bankruptcy, a Mortgage Modification Chapter 13 Plan is utilized. This order confirms the modified payment terms, allowing the debtor to catch up on missed mortgage payments over time while keeping their home. 5. Creditor-Approved Chapter 13 Plan: In certain cases, creditors may agree to a modified repayment plan proposed by the debtor. This is referred to as a Creditor-Approved Chapter 13 Plan. Once the court confirms this plan, it becomes legally binding for all parties involved, ensuring that the debtor can fulfill their obligations while protecting the creditors' interests. Overall, the Order Confirming Chapter 13 Plan — B 230B is a critical document that establishes the framework for debt repayment in Rhode Island bankruptcy proceedings. It provides clarity and guidance for debtors, creditors, and the court, ensuring a fair and orderly resolution to the debtor's financial challenges.

Rhode Island Order Confirming Chapter 13 Plan — B 230B is a legal document that plays a crucial role in the bankruptcy proceedings in Rhode Island. This court order confirms the proposed Chapter 13 repayment plan presented by the debtor and provides a roadmap for how the debtor will repay their debts over a specified period of time. In Rhode Island, there are different types of Order Confirming Chapter 13 Plan — B 230B based on the specific circumstances of the bankruptcy case. Here are a few common variations: 1. Individual Debtor Chapter 13 Plan: This type of Order Confirming Chapter 13 Plan — B 230B applies to individual debtors who seek to reorganize their finances and repay their debts over a three to five-year period. It outlines the debtor's proposed repayment schedule, including the amount to be paid to each creditor and the duration of the plan. 2. Joint Debtor Chapter 13 Plan: In cases where a married couple files for Chapter 13 bankruptcy jointly, a Joint Debtor Chapter 13 Plan is submitted. This order confirms the repayment plan for both spouses and addresses their joint obligations, taking into consideration their combined income, expenses, and debts. 3. Self-Employed Debtor Chapter 13 Plan: For self-employed individuals seeking debt relief through Chapter 13 bankruptcy, a Self-Employed Debtor Chapter 13 Plan is required. This variation takes into account the debtor's unique income structure, business expenses, and the potential fluctuations in their earnings. 4. Mortgage Modification Chapter 13 Plan: When a debtor wishes to modify the terms of their mortgage during a Chapter 13 bankruptcy, a Mortgage Modification Chapter 13 Plan is utilized. This order confirms the modified payment terms, allowing the debtor to catch up on missed mortgage payments over time while keeping their home. 5. Creditor-Approved Chapter 13 Plan: In certain cases, creditors may agree to a modified repayment plan proposed by the debtor. This is referred to as a Creditor-Approved Chapter 13 Plan. Once the court confirms this plan, it becomes legally binding for all parties involved, ensuring that the debtor can fulfill their obligations while protecting the creditors' interests. Overall, the Order Confirming Chapter 13 Plan — B 230B is a critical document that establishes the framework for debt repayment in Rhode Island bankruptcy proceedings. It provides clarity and guidance for debtors, creditors, and the court, ensuring a fair and orderly resolution to the debtor's financial challenges.