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Order in which claims are paid by the trustee?

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    Order in which claims are paid by the trustee?

    I'm sure it's no big deal -- just a matter of curiosity -- since everybody will get paid anyway, but I thought the IRS would get paid their disbursement first. But the Trustee issued the first disbursement to my secured creditor. (And himself, of course!)

    Or do they typically pay the largest claim first?

    By the way, I am loving that 13datacenter.com has a full accounting and I can see where the money is going.

    #2
    Mine were paid in the following order

    Secured
    Priority (IRS)
    Unsecured

    K
    You can't have your cake and eat it too. But you can dip your finger in the bowl and lick the icing

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      #3
      From what I've seen so far-

      Before confirmation, vehicles get paid. I think this is because they are a declining value asset?
      Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
      (In the 'planning' stage, to file ch. 13 if/when we have to.)

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        #4
        He didn't make the first disbursement until after my confirmation, at the end of that month.

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          #5
          according to my plan, secured, tt, and lawyer get paid first. the unsecured creditors get paid afterwards.
          filed chpt 13 05/09
          payback 100%
          projected completion date 09/13!!! Actually completed 1/14 (4.5 years)

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            #6
            Seems there is some variation between districts about when payments happen at all. Mine seems to pay on the 1st of the month or thereabouts. And the trustee fee comes off of any/all payments sent out.
            Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
            (In the 'planning' stage, to file ch. 13 if/when we have to.)

            Comment


              #7
              Trustee
              Lawyer
              Secured
              Unsecured Priority
              Unsecured

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                #8
                Mine too kriely..

                Trustee
                Lawyer
                Secured
                Unsecured
                Chapter13
                100% unsecured/secured payback
                "WAITING FOR DISCHARGE" DONE!

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