Weird Question

[mygirlz3]

Hi,

I have been in Chapter 13 for 2 years now, (5 year plan), my payments are deducted from my paycheck biweekly and sent to the trustee. Every 6 months I get a statement from the trustee listing all of the creditors and how much has been paid to this point to them. My question is this, several of the lines with creditors on them have "no claim filed" next to them. What does that mean? No money it appears has been paid toward these creditors. How long do they have to file a claim? If they don't file a claim does the trustee still send them payments? If no claim is filed, does that mean my Chapter 13 could possibly be done sooner than 5 years? Also, does this mean these creditors still have a claim against me after a discharge, if they didn't file a claim?

Thanks in advance for all of your help.

[HHM]

If the creditor did not file a claim, then they don't recieve any payment, and at the end of the plan, the debt is discharged. However, does that mean you plan ends early, that depends. Unfortunately, what usually happens is the Trustee pays a higher percentage to those creditors that actually filed a claim and the plan runs its full course.

[mrgg1111]

Since the monthly payment is deducted from the pay-check, the employer would know about the CH 13 BK filling? Is that any exception to pay monthly without going through employer's payroll system? Like writing a check to send to the trustee monthly? When the employer is very concerned about employee's creditbility, then filing BK will harm the employment in certain degree, such as further promotions (even employer can't fired the employee due to his BK filing) but it will cause negative impact.

anyone knows anything about it? please help. Thanks

[HHM]

It depends on the local trustee. Generally, you should have the option to pay directly without having a payroll deduction.

[hhou812hh]

They (cc companies) want us all in a 13 only to not file a claim. It figures!

[cpginvegas]

Chapter 13 Confirmed today

My lawyer went to our confirmation hearing today and we have $169,000 in unsecured debt but only $46,000 in filed claims (2 filed, 8 did not) We pay $1500 month and we are scheduled for 42 months. Per my attorney, the creditors have until Sept 6 to file a proof of claim. If they do not file by then, they will get nothing and the two who filed wil be paid 100% and our payment drops to 36 months. How weird is that??? Has anyone else had this experience??? How about has anyone had creditors wait until the last minute to file proof of claim??? I do not want to get too pumped about this but 36 months versus 42 months is $9,000!!