Suggested Ch. 13 Plan Language (Section "G")

Glen Stearns, Chapter 13 Trustee for the southwest suburbs recommends the use of the following language in Section G of plans filed with his office: late-filed claims Unsecured claims filed after the bar date are hereby disallowed and shall not be paid by the Trustee. direct payment by debtor of loans secured by personal property The debtor will make current monthly payments, as listed in debtor’s Schedule J directly to the following creditors holding claims secured by a perfected lien on debtor’s personal property: creditor:

collateral:

final payment due date:

fixed monthly payment: direct payment of student loans The debtor will make current monthly payments, as listed in debtor’s Schedule J directly to the following creditors for student loans that mature after 60 months from the date of filing: creditor: final payment due date:

fixed monthly payment: direct redemption of property taxes The debtor will redeem sold real estate taxes by reserving the amount listed in debtor’s Schedule J each month for the plans first ________ months. Debtor’s plan payment increases as shown in section D 1 upon redemption. redemption amount The debtor will pay past due real estate taxes directly by reserving the amount listed in debtor’s Schedule J each month for the plans first ________ months. Debtor’s plan payment increases as shown in section D 1 upon payment. past due amount increasing E 3 set payments after attorney fees have been paid Beginning with the ____________, 200___ disbursement, the set payment to [Creditor Name E3(a)] in Sec. E 3 (a) shall increase to $xxx per month and the set payment to [Creditor Name E3(b)] in Section E 3 (b) shall increase to $xxx per month. surrender of personal property that secures a debt Debtor hereby surrenders Description of Asset to Creditor Name. You may also include language regarding whether a deficiency claim shall be allowed or not.