I have a stange situation, looking for some input.
- I started my 13 making about $1000 payment for the first year.
- The trustee objected and modified the plan to $1500ish/month, because he disallowed certain expenses. This extended the payments beyond 36 months.
So (12 x $1000 = 12,000 )+ (29 x $1500=43,500 ) or 12,000 + 43,500 = 55,500 = Plan base.
The confirmation lists the payment schedule then states:
"The plan estimates that allowed unsecured claims will be paid aproximatly 28%"
This percentage is wrong, after doing all of the calculations the unsecured are going to get back somewhere in the neighborhood of 36-37%. (after paying back-taxes, trustee fees and lawyer fees).
I have read about people getting refunds from the trustee on partial unsecured paybacks. My question is why would they do refunds on partial unsecured paybacks? If your plan says you will make 36x100 payments and that is what you do, why would you get a refund?
Thanks,
Chris
- I started my 13 making about $1000 payment for the first year.
- The trustee objected and modified the plan to $1500ish/month, because he disallowed certain expenses. This extended the payments beyond 36 months.
So (12 x $1000 = 12,000 )+ (29 x $1500=43,500 ) or 12,000 + 43,500 = 55,500 = Plan base.
The confirmation lists the payment schedule then states:
"The plan estimates that allowed unsecured claims will be paid aproximatly 28%"
This percentage is wrong, after doing all of the calculations the unsecured are going to get back somewhere in the neighborhood of 36-37%. (after paying back-taxes, trustee fees and lawyer fees).
I have read about people getting refunds from the trustee on partial unsecured paybacks. My question is why would they do refunds on partial unsecured paybacks? If your plan says you will make 36x100 payments and that is what you do, why would you get a refund?
Thanks,
Chris