The Louisiana Chapter 13 Model Plan is a bankruptcy repayment plan that allows individuals to reorganize their debt in a three- to five-year period. The plan is based on the federal bankruptcy code and is applicable to individuals who have a steady source of income and unsecured debt of less than $383,175 and secured debt of less than $1,149,525. Under the Louisiana Chapter 13 Model Plan, individuals are required to pay all their unsecured creditors in full or a percentage of their debt, depending on their economic situation. The repayment plan is based on their disposable income, which is calculated by subtracting all monthly expenses from their total monthly income. The individual must make monthly payments to a Chapter 13 Trustee who will then distribute the funds to the creditors. There are two types of Louisiana Chapter 13 Model Plans: the Traditional Plan and the Flexible Plan. The Traditional Plan requires the individual to make fixed payments each month for the three- to five-year period of the plan. The Flexible Plan allows the individual to make payments for a shorter period of time, as long as the creditors are paid in full within five years. Both plans require the individual to complete a pre-filling credit counseling course, a budget analysis, and an income and expenses statement. Additionally, the individual must provide the Trustee with all their financial records, including recent tax returns and bank statements.