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The light at the end of the tunnel

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    #1

    The light at the end of the tunnel

    Hope it is the train coming in- with my discharge.

    Trustee website says 4 months left in plan. It shows that I have 2,354 in my plan base. But when I get over to the main page, it shows that I still have 6,254 to pay. I am not sure why the big difference, all of my claims are very close to what I thought they were. That is ok though, we will still be out of this thing by the end of the year by my calculations.

    I am so tempted to get a payoff figure from the trustee and see if I have enough in my 401k to pay it off. I also have some unexpected money coming in the next few months that will be close to enough to pay it off, that is really tempting to me. Think I will probably end up just waiting it out though.
    Chapter 13 filed -8/12/04
    Plan approved- 7/11/05
    Date discharged--10-12-2007
    Date closed- 12/6/2007:yes2::yes2:
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    #2
    Originally posted by arkienurse View Post
    Hope it is the train coming in- with my discharge.
    Arkie, you are our Ch 13 hero! You are so close to being done - don't take your 401K money out for an early payoff and then have to pay the awful 10% tax penalty on it the next year. You can make it without having to do that - hang in there! You are doing such a great job!
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !
    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

    Comment

      #3
      Yep, hang in there and finish it out.........save your 401K, prepay taxes, and hang in there. Best thing to do!!!

      Congrades, your almost thru and to the end of the road..............be proud, you've DONE GREAT...........

      Minny
      Minny

      "It's amazing the paths that our feet sometimes follow in life".

      My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.

      Comment

        #4
        I agree with the others, you are so close. Please don't touch your 401k just to finish 4 months early. Choooo-Choooo....you can hear it now.
        "Try to save money. Someday it may be valuable again." - Anonymous

        Comment

          #5
          If you own your home you can refinance and buyout the remaining chapter 13. I use to do those all the time.
          Success is reachable, stretch out your arm and grab it.

          Comment

            #6
            Originally posted by freshstart06 View Post
            If you own your home you can refinance and buyout the remaining chapter 13. I use to do those all the time.

            Maybe, but we just refinanced right before we filed, sometime in the year leading up to it. It put us right back at the original loan amount at the time, but at least our interest rate was reduced from 8.00 to the current 6.5 %. I am not sure but I doubt there is enough equity there to cover the $6000 it seems we still owe.
            Chapter 13 filed -8/12/04
            Plan approved- 7/11/05
            Date discharged--10-12-2007
            Date closed- 12/6/2007:yes2::yes2:

            Comment

              #7
              Congratulations!!! That is such wonderful news!!! What a load off your mind ... you're in the homestretch now!
              ~~~~~~~~~~~~~~~~~~~~
              Filed Chapter 13 - March, 2003
              Discharged - April, 2007

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