Top priority claims are those granted unique status by the case of bankruptcy law, particularly very taxes while the will cost you out-of personal bankruptcy

After the conference off creditors, brand new borrower, the fresh section 13 trustee, and people loan providers who wish to sit in can come so you can legal to own a paying attention into the debtor’s part 13 fees bundle.

Money to particular covered financial institutions (we

Unless of course the fresh legal features an expansion, the latest borrower have to file an installment package into the petition otherwise within this two weeks following petition was registered. Given. Roentgen. Bankr. P. 3015. An idea need to be registered to own judge recognition and should provide having payments from repaired wide variety towards trustee on the a typical foundation, usually biweekly otherwise month-to-month. The new trustee after that directs the cash so you’re able to loan providers with respect to the terms of the program, that may offer creditors less than full fee to their claims.

You will find about three types of states: top priority, secure, and you can unsecured. (3) Secure claims are the ones in which the new creditor gets the proper restore certain possessions (we.elizabeth., the fresh guarantee) in the event your debtor does not pay the hidden loans. Weiterlesen