Well I haven't heard of one but I'm guessing there may be. It sounds like a common term but I doubt it highly exists. I did a program in Finance and didn't hear about that.
Yes. A bankruptcy base plan is the total sum of all your payments that you are required to pay into your Chapter 13 plan. Your plan should include both a minimum payment as well as a base payment. You must pay the minimum payment or the base, whichever is greater.
In Chapter 13 bankruptcy, the base plan is the total amount of money that you will pay. You should have both a minimum payment(20%,70%,etc) plan as well as a base. Your plan is completed when you pay the minimum payment or the base, whichever is greater.
A bankruptcy base planned is pretty much filling a Chapter 13 bankruptcy. This involved creating a payment plan to pay off debt using a fixed amount that is distrbuted.
Although there is no technical term of "base plan," there are plan bases, which is the amount that you owe. For example, if the plan base is $10,800, that is what you owe, and you might pay $300 a month for 36 months.
