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UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In
re: Don
& Donna Debtor
Case No. 00-5001
Debtor(s)
Chapter 13 Plan
1. The future earnings of the debtor(s) are submitted to the supervision and control of the trustee, and the
debtor(s)
shall pay to the trustee the sum of $
450
for 36
months or until all allowed claims are paid.
Debtor(s) elect a voluntary wage order: Yes No
2. From the payments so received, the trustee shall make disbursements as follows:
(a) To the expenses of administration required by 11 USC §507 (a)(1) in deferred payments.
(b) To secured creditors whose claims are allowed as follows:
|
Name
|
Value of Collateral |
Monthly Payment
|
Interest
Rate |
| GMAC |
$7500 |
12% |
(If
specified) |
[The
valuations shown above shall be binding unless a timely objection to confirmation
is filed. Secured claims shall be allowed for the value of the collateral
or the amount of the claim, whichever is less, and shall be paid in the
monthly installments and at the interest rates shown above. If the monthly
payment is not fixed, secured creditors will share pro rata. If an interest
rate is not specified, 5/6% per month (10%per annum) will be paid. Secured
creditors shall retain their liens until their allowed secured claims
have been paid. The remainder of the amount owing, if any, shall be allowed
as a general unsecured claim paid under the provisions of paragraph 2(d).]
(c)
To priority creditors in the order prescribed by 11 USC §507.
(d)
To unsecured creditors whose claims are allowed. Unsecured claims shall
be paid 20 cents
on the dollar.
3.
The following executory contracts of the debtor are rejected and the
debtor shall surrender possession of the subject property. Any allowed
unsecured claim for damages resulting from rejection shall be paid under
paragraph 2(d).
Car
Leasing Co.
4.
The debtor(s) shall pay directly the following fully secured creditors
and lessors:
|
Name |
Direct Monthly Payment
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Home Mortgage Lender
$1100
5.
The date this case was filed shall be the effective date of the plan
as well as the date when interest ceases accruing on unsecured claims.
6.
The Court may, after hearing upon such notice as the Court may designate,
increase or reduce the amount or the time for payments where it appears
that circumstances so warrant.
7.
Optional provisions pursuant to 11 USC § 1322 (b):
Don
Debtor
Donna
Debtor
DATED: 2/21/00
(DEBTORS)
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