Case Example #1
Allison is a single mother with two children and is currently employed at Lexington Medical Center and makes $58,000 per year. She is currently renting at $1,500 per month.
| Debt | Balance | Monthly payments |
| Santander Auto Finance 2019 BMW X-1 SUV | $38,675 | $840 |
| NFCU Mastercard | $18,200 | $492 Min. monthly payments |
| USAA Mastercard | $9,775 | $326 Min. monthly payments |
| Lowes Card | $5,800 | $195 Min. monthly payments |
| Belk Card | $2,200 | $66 Min. monthly payments |
| Rooms-to-go Furniture | $5,300 | $288 |
| Medical bills | $7,500 Outstanding balance | $200 |
| Student loan | $85,000 | $881 |
| Monthly Total | $3288 |
Allison files for reorganization under Chapter 13. Her car and furniture are valued in the plan at book value. She also intends to utilize the Student Loanify program at the end of her case. Her monthly payments begin 30 days after filing. The Chapter 13 plan payments are just $592 per month for sixty months. She elects to pay bi-weekly when she gets paid from work which totals $272.81 per pay period. She remains current on rent for her home.
Case Example #2
Jennifer and Dwayne are married with three children. Jennifer is a teacher at the Richland County School District $44,000 per year and Dwayne receives VA Disability at $2700 per month. They own a home which has fallen behind.
| Debt | Balance | Monthly payments |
| Wells Fargo Mortgage | $281,000 Total behind: $20,400 | $1,398 |
| Merrick Bank 2018 Toyota Camry | $29,880 | $688 |
| Capital One 2019 Chevrolet Malibu | $25,100 | $571 |
| Citibank Visa | $25,900 | $602 Min. monthly payments |
| Chase Mastercard | $31,000 | $639 Min. monthly payments |
| IRS2019 | $6,800 Incl. penalties/interest | $165 |
| Richland County Property Tax | $2,100 | 175 |
| One Main Personal Property Loan | $8,790 | $390 |
| Regional Finance Judgment lien | $7,598 | $311 |
| Monthly Total | $4,939 |
Jennifer and Dwayne file for reorganization under Chapter 13. Both cars are paid at book value inside the plan. They use the Mortgage Modification Mitigation program at Moss & Associates through the Courts. The Chapter 13 plan payments are $799 per month for sixty months. This includes both cars and all of their bills. Under the Mortgage Modification program, the missed payments to Wells Fargo are reamortized into the loan and interest is lowered. They begin monthly mortgage payments three months after the case is filed at $1,166 per month under the terms of the mortgage modification.
Case Example #3
Jeremy and Melissa are married with no children. Jeremy receives Social Security in the amount of $1,400 per month and Melissa is employed at Amazon making $16.50 per hour. They reside in a 2014 Clayton Mobile Home which is located on family land and have payments of $1,179 per month.
| Debt | Balance | Monthly payments |
| Vanderbilt Mortgage | $69,800 | $1,179 |
| Titlemax 2009 Nissan Altima | $7,690 | $525 |
| Autoworld 2011 Chrysler 300 (balance) | $9,750 | $481 |
| Orangeburg Regional Hospital | $11,000 | $100 |
| Check-into-cash | $740 Balance due immediately | $740 |
| Aspire Visa | $9,200 | $295 Min. monthly payments |
| Arrons Appliances rent-to-own | $4,920 | $387 |
| Kays Jewelry | $4,100 | $217 |
| Monthly Total | $3,924 |
Jeremy and Melissa file for reorganization under Chapter 13. The Clayton mobile home and both cars are paid at book value inside the plan. The total monthly Chapter 13 payments are $469 per month for sixty months. They will own their home and both cars once the plan is completed.
Case Example #4
Daniel is a single self-employed truck driver and nets approximately $1,400 per week. Daniel has a home and he is current on his monthly payments.
| Debt | Balance | Monthly payments |
| Carrington Mortgage | $392,000 current | $1920 |
| GE Capital 2016 Freightliner 18-wheeler | $81,500 | $2811 |
| Bank of America 2021 Chevrolet Silverado | $31,100 | $792 |
| American Express | $45,000 | $620 Min. monthly payments |
| S.C. State Credit Union Personal loan | $9,500 | $398 |
| S.C. Dept of Revenue 2021 tax year | $2,300 | $150 |
| Monthly Total | $6691 |
Daniel files for reorganization under Chapter 13. The Freightliner truck is paid in the plan at book value, and the 2021 Chevrolet is reamortized at the court set interest rate. The total monthly Chapter 13 payments are $1289 per month. Daniel remains current on his mortgage throughout the plan.
