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The budget analysis must include the type and amount of all the debtor's obligations to be included in the plan and not included the plan. What is meant by "type"? How specific does the description of each of the debtor's obligations need to be?
The licensee needs to identify the type of each obligation as required under Section 12(2)(e). A general description may be used as follows: credit card, unsecured loan, vehicle loan, secured loan, mortgage. Each obligation must be individually listed, and obligations of the same type cannot be aggregated. The obligations to be paid directly by the debtor must be clearly identified as debt obligations not included in the plan. The type and amount of these debts must be listed. A monthly payment amount for individual debt items included in the current list of monthly expenses is not sufficient for compliance with this requirement.