On March 24th 2005 went to court for confirmation of plan. Well, things were worked out and we were put on a 60 month plan. In our chapter 13 plan we'll be paying back about 80% of what we owe. Let's just say that after 36 months of paying we decide that we want to pay off early. Do we now have to pay back 100% of whats owed to our creditors? If yes, then is the trustee's fees included in that 100% amount? Or is it 100% to creditors plus trustee's fees?
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Filed Chapter 13: Aug 2004 Confirmed Aug 2005
Early Buy-Out 43/60 months: April 2008 :clapping:
Status: Case Closed Completed May 6-2008 :D
Discharged: June 2008 :D:yes2::D -
How come your on a 60 month plan? -
I don't know ...thats the deal they worked out with us. They left our tax refund alone and we get to pay the 401k repayment loan. We're not behind on any bills so I don't know. Why you ask?Filed Chapter 13: Aug 2004 Confirmed Aug 2005
Early Buy-Out 43/60 months: April 2008 :clapping:
Status: Case Closed Completed May 6-2008 :D
Discharged: June 2008 :D:yes2::DComment
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Ok, that explains it. To answer your other question, yes, if you get into your plan for 36 months, you can most likely work out a deal with the Trustee to pay-out the plan early.Comment
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ok, but the main question was does 100% include the trustees fees or are they in addition to the 100%?Comment
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The trustee recieves a percentage of what is paid into the plan, thus, yes, it will include the trustee fee, becuase the total plan payment (from your chapter 13 plan) includes the trustee fee.Comment
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