Financials

7 of 39 months left, $1988 a month, yeah!!!:yahoo:

Thanks for the forum. It has a great deal of good information. Information my attorney should be providing IMO, but... thanks.

In reviewing financials on line it has a number of credits/reversals of payments made over the past 2.5 years. Why is that? Is it possible those reversals are reducing my debt total??

Just to ensure I'm thinking right, is it correct to take the total debt, subtract the total paid in, and that gives me my balance??

Does a refund of some of the money paid in ever happen??

When you say financials - are you meaning what you have paid into your Chapter 13????

Sometimes overpayments are made and then at the end of your Chapter 13 it is returned to you....

What percentage are you paying back to the creditors?

Yes, when I pull up the chapter 13 network is shows "financials" which gives me a listing of payments made into and payments made out of the account.

100%

And while I'm at it, what time period should I expect after paying the last payment to have my case discharged?

Your case should be discharged basically right after you complete your payment plan....... but it may not say closed until the Trustee reviews the case.....

The reversals are where the Trustee is paying out to the creditors......... and the credits are where your paying into the account, I believe.....

If you're set up for wage garnishment payments, you might want to call the Clerk of the Court before you last payment to "remind" them to drop the garnishment.

After you make your last plan payment, the Trustee will have to do a "Final Audit" of your Plan. Basically what you paid in in payments, who monies were paid out to, the Trustee's %'age. A final accounting of the entire plan. Then you'll be discharged and closed. Any excess monies will be refunded to you.

Thanks all for the responses. This forum is invaluable and to those knowlegable souls sharing information a big :clapping: for taking the time to help those of us lost in this situation.