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Interest charges if paying off early

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    Interest charges if paying off early

    If you somehow find a way or are lucky enough to pay off early, I see that the law says that all creditors must be paid in full, with interest.

    How is this interest calculated? A pre-determined rate by the trustee, or is it the rate that each creditor had in place just prior to filing the bk?
    Filed Business Chapter 7: 7/11/07
    341 Meeting: 8/8/07 Asset Case
    US Trustee reviewed case/resolved 9/14/07
    Discharged: 10/11/07 Closed: 11/2/08

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