To be confirmed, the Chapter 13 debtor’s repayment plan must:

• Pay priority creditors in full.
• Pay secured creditors the full value of their claims.
• Pay the debtor’s net disposable income to the Chapter 13 trustee for a period of at least three years.
• Pay unsecured creditors at least as much as they would receive in a Chapter 7 liquidation.
• Be proposed in good faith.
• Provide for Trustee’s compensation, a percentage of plan payments.
• Be feasible.

The plan is filed with the petition or within 14 days thereafter. Unlike Chapter 11 proceedings, creditors in a Chapter 13 case need not approve the plan (except secured creditors in some cases) and must file a creditors’ claim. The plan has a 3-year duration if the debtor’s income is below the state median. In no event may the court approve a plan with a duration longer than five years. Only the debtor may file the plan. The contents of the plan must:

• Provide that the debtor submit to the trustee that portion of his or her earnings necessary for execution of the plan.
• Provide for full payment of all claims entitled to priority.
• If the plan provides that all of the debtor’s projected disposable income is due under the plan, the plan may provide for less than full payment of all amounts owed for a priority claim.
• Provide for the same treatment for each claim within a particular class if the plan classifies claims.

In addition, the plan may:

• Designate classes of unsecured claims.
• Modify the rights of secured creditors, except the mortgage holder of debtor’s principal residence.
• Provide for a curing or waiving of a default.
• Provide that payments made on an unsecured claim be made concurrently with payments on secured claims.
• Provide for assumption, rejection or assignment of an executory contract.
• Allow repayment of retirement loans from payroll withholding.
• Provide for the payment of interest on tax claims.
• Include any other provision the court may allow.