Official Form 113 2015 free printable template

Draft 05/13/2013 United States Bankruptcy Court for the Debtor(s): Case No.: Date: District of ? Check if this is an amended plan Official Form 113 Chapter 13 Plan Part 1: 12/15 Notice to Interested

How to fill out Official Form 113

How to fill out Official Form 113

1. Obtain Official Form 113 from the relevant authority or website.
2. Read the instructions carefully to understand the requirements.
3. Fill in your personal information accurately in the designated fields.
4. Provide specific details required by the form, such as dates, names, and addresses.
5. Review the information for any errors or omissions.
6. Sign and date the form where indicated.
7. Submit the completed form according to the instructions, either electronically or by mail.

Who needs Official Form 113?

1. Individuals or entities required to report specific information to governmental or regulatory bodies.
2. Applicants seeking certain benefits, permits, or legal actions.
3. Anyone involved in legal proceedings that necessitate the completion of Official Form 113.

Instructions and Help about Official Form 113

You you you you you you you you you and may now speak to any other organized is our panelists on them you you you you you you you you you you you you you you you you you you you you you sir Sir you far in listen-only mode good afternoon I'm Amy quackenboss the deputy executive director of the American bankruptcy institute for those of you who are not familiar with us the ABI is the largest multidisciplinary nonpartisan organization dedicated to research and education on matters related to insolvency as an avi member you have access to a wealth of free online research and networking tools as well as quality CLE programming and today I'm pleased to welcome you to the latest in our webinar series ABI live which is being hosted by a bee eyes consumer committee our webinar today will address the proposed national forum plan and opt-out compromise for several years bankruptcy judges and practitioners have been weighing in on the value and necessity of a National Forum plan in chapter 13 some thought it was necessary and others opposed the idea a compromise has been reached and our speakers today we'll discuss not only the history of these efforts but also the current proposed forum plan and conforming revisions to the Bankruptcy Code which may become effective on December of 120 17 before I introduce the panel though I need to make you aware of a couple of housekeeping matters first if you purchase CLE for this program please make sure that you jot down the CLE codes that will appear throughout the program you will receive a follow-up email from us with directions on how to get your CLE credit also if you have any questions that you would like to ask the panel during the program you can type your questions at any time in the questions box that appears in the webinar control panel these questions will go straight to our panel and will be addressed as time permits at the end of the program I now have the privilege of introducing our panel the Honorable Rebecca be Connelly is the chief United States Bankruptcy Judge for the Western District of Virginia she was appointed to the bench in July 2012 she's a former standing chapter 13 trustee and chapter 12 trustee for the western district of virginia judge Connolly has served as a contributing editor and a features author for the ABI Journal a member of the Consumer Law Committee and a frequent speaker at ABI events the Honorable Marvin iskar has been a united states bankruptcy judge since februari first two thousand four judges Kerr was one of the first judges to issue opinions interpreting interpreting the 2005 bankruptcy abuse prevention and Consumer Protection Act he's one of the principal organizers of the annual univer see of Texas consumer bankruptcy conference and is a frequent speaker at continuing education programs the Honorable Brian D Lynch was sworn in as a United States Bankruptcy Judge for the Western District of Washington on june first 2010 he was appointed chief bankruptcy judge on october...

People Also Ask about

What if my Chapter 13 payment is too high?

If your Chapter 13 plan payment is too high, you can sometimes get it lowered if you encounter a reduction in household income. If your income reduces, you are many times also allowed to reduce your plan payment. This is accomplished usually by filing a Motion to Modify your Chapter 13 plan.

Why are my Chapter 13 payments so high?

If you own a home or a vehicle, paying it off means that you have more disposable income each month. At that point, the bankruptcy court may decide to increase your monthly payment obligation to complete your plan faster or pay off other creditors in your plan.

Can you negotiate Chapter 13 payments?

Answer. If your income goes down during your Chapter 13 bankruptcy and you can no longer afford your monthly plan payment, you can ask the court to modify your Chapter 13 repayment plan and reduce your payment amount.

What is the downside to filing Chapter 13?

Although a Chapter 13 bankruptcy stays on your record for years, missed debt payments, defaults, repossessions, and lawsuits will also hurt your credit and may be more complicated to explain to a future lender than bankruptcy.

How to calculate Chapter 13 plan payments?

To calculate the total average monthly payment, add all amounts that are contractually due to each secured creditor in the 60 months after you file for bankruptcy. Then divide by 60.

What is the average monthly payment for Chapter 13?

A Chapter 13 petition for bankruptcy will likely necessitate a $500 to $600 monthly payment, especially for debtors paying at least one automobile through the payment plan. However, since the bankruptcy court will consider a large number of factors, this estimate could vary greatly.

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What is Official Form 113?

Official Form 113 is a form used in the bankruptcy process, specifically for individuals to report their financial situation in detail as part of a filing under Chapter 13.

Who is required to file Official Form 113?

Individuals who are filing for Chapter 13 bankruptcy are required to file Official Form 113 as part of their petition.

How to fill out Official Form 113?

To fill out Official Form 113, individuals must provide detailed information about their income, expenses, assets, debts, and a repayment plan, ensuring that all sections are completed accurately and truthfully.

What is the purpose of Official Form 113?

The purpose of Official Form 113 is to provide the bankruptcy court with a clear and comprehensive overview of the debtor's financial situation and proposed repayment plan, facilitating the court's review and approval process.

What information must be reported on Official Form 113?

Official Form 113 requires reporting information such as monthly income, monthly expenses, secured and unsecured debts, assets, and the specifics of the proposed Chapter 13 repayment plan.