Creditor Codes

Office of the Chapter 13 Standing Trustee - Detroit

Most Frequently Used:

Type:	Usual Level	Usual Class	Schedule
M - Mortgage	10	Two	D
K - Land Contract	10 or 11	Three	G
E - Executory Contract	10 or 11	Three	G
A - Arrearage	12	Four (a)	D
J - Gap claim (Post-Pet/Pre-Conf arrears)	11	Four (b)	D
V - Automobile (Vehicle)	12	Five	D
R - Property Tax	12	Five	D
S - Secured	12	Five	D
P - Priority	32 or 33	Six	E
L - Student Loan	32 or 33	Six or Seven	F
X - Special Unsecured	32 or 33	Seven or Eight	F
U - General Unsecured	33	Eight	F
N - Notice Only	99

Explanations and location of codes in 3 Line Claims: (If you don't understand this reference, please sign up for TRAC training!)

Type: Refers to the kind of debt; this notation is found, in the middle of the second line of each creditor, after TYPE

Usual Level: This number tells the computer the order in which claims should be disbursed upon; a 10, for example, will receive money before a 12; a 98 or 99 will not receive money from the Trustee. This notation is found on the second line after the claim number.

Usual Class: This refers to the class of creditors listed in the Model Plan.

Schedule: This refers to Schedules A through J of the case.

A Specific type is uniformly assigned to each creditor by the Trustee's office depending upon which kind of creditor it is. The class and schedule for each creditor is determined by how the debtor attorney classifies each creditor when developing the plan and schedules, but may be altered upon entering a proof of claim into the computer, depending on claim and plan language. The disbursement level is assigned pursuant to the terms of the plan.

PAYMENT CODES

01 = monthly payment; 02 = bi-weekly payment (26 pays per year, every other week);

03 = semi-monthly payment (24 pays per year, twice each month); 04 = weekly payment