Point 341 Fulfilling of Loan providers and you may Trustee

The new Section thirteen bundle and additionally pays this new debtor’s unsecured financial institutions. New plan’s fee to help you unsecured creditors is dependent on this new debtor’s funds of money and you can expenses the new debtor submits towards Schedules I (Income) and you will Schedule J (Expenses) off their Section thirteen personal bankruptcy petition. The fresh debtor’s money funds need certainly to list his family members income out-of the offer. The fresh new debtor’s income budget is sold with normal write-offs including income tax withholding and you will medical care insurance.

The newest debtor’s costs budget should consider needed repairs on the debtor’s household and you can vehicle, realistic individual expenses, realistic expenses to possess taking good care of people and you may pets, etc. On top of that, in the event the debtor’s bills finances includes luxury products, the newest trustee need the newest debtor to help you liquidate these types of luxury factors except if new Part thirteen plan repays your debt due to all the unsecured loan providers completely. Read more