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Reasons for change in payment amounts?

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    Reasons for change in payment amounts?

    I noticed this question asked in another thread by several people(including by me) but didn't see any answers, so I decided to start a new thread.

    People have mentioned that their payment amounts have changed during their Chp 13, but why is this? I understand if you have a change in income that it could cause your payments to change, but have their been other reasons? And, how has the trustee found out about these reasons? From what I've read, it sounds as if only tax returns are requested by the Trustee, so I'm unclear about how they find out about other budget changes.

    Any information would be greatly appreciated.

    TIA

    #2
    When our chap. 13 was set up our payment schedule changes through out the plan. I paid a certain amount for 6 months, a lower amount for 1 year and now I am at a still lower amount for the remaining 3.5 years. I believe ours was set this way so that our lawyer would get paid fast. Our original trustee did not like to see large payments to lawyers before filing. Our entire fee except for $1.00 and filing fees were included in our plan.

    Not sure if this helps at all. Our plan has been weird from the beginning.

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      #3
      Ours has changed 2 times for mortgage payment increases. Our mortgage is paid within the plan.
      Chapter 13 Filed: 2/7/07 Confirmed: 5/1/07 Discharged: 3/2/2012 Closed: 6/2/2012
      130 out of 130 bi-weekly payments DONE
      100% Completed

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