Surprise Phone Call - CONFIRMED!

[getmeouttahere]

I'm on my way to work, so this will be quick. Our Confirmation Hearing was scheduled for tomorrow. Needless to say, I have had knots in my stomach all day. I just finished printing the directions to the court house and the phone rings. It's our attorney. Our plan was confirmed!!

The only downside, is the 5 year ticker actually starts tomorrow. We've already made 4 payments to the Trustee. At least it will be an easy day to remember - April 15 - tax day.

[holding on]

Isn't there something in the BK statute that says the 60 month plan starts at first payment? Or is that another district to district thing? It looks like that would be an incentive to trustees to hold of confirmation as long as possible.

[liz417]

Congrats on getting confirmed. Bummer that the clock starts ticking when the plan is confirmed (heard that from other posters too)...but at least you've got the "ball rolling"

[NowImDownInIt]

Yay! That's what happened with my confirmation too! My attorney called a day early and that's such a good feeling.

[lrprn]

Isn't there something in the BK statute that says the 60 month plan starts at first payment? Or is that another district to district thing? It looks like that would be an incentive to trustees to hold of confirmation as long as possible.

It might be that the OP's lawyer and trustee negotiated and reached a compromise before their confirmation hearing that rolls in the first four months of payments into a newly confirmed 60 month plan.

Ask your lawyer for the details about how this happened, GMOH.

[holding on]

gotcha Lrprn! I just think its robbery when the statutes say a plan should be 60 months and yet there's a few months more people are actually paying.