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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF Illinoisan re:)Case No. ) Original Chapter 13 Plan) Amended Plan Number)(Changes must be underlined)Debtor(s)) Limited Service ApplicableCHAPTER
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The original chapter 13 plan is a proposed repayment plan that outlines how a debtor intends to repay their creditors over a period of three to five years.
Individual debtors who have a regular income and debts below a certain threshold are required to file an original chapter 13 plan.
The debtor or their attorney must complete the official forms provided by the bankruptcy court, detailing their income, expenses, and proposed repayment plan.
The purpose of the original chapter 13 plan is to provide a structured way for debtors to repay their creditors while retaining their assets.
The original chapter 13 plan must include the debtor's income, expenses, assets, liabilities, and proposed repayment terms.
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