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    Fees?

    what do you pay the trustee in a 13? Is this amount added to the 100% payback? Thanks

    #2
    The BK trustee recieves a percentage of the payment amount, which can range from 6%-10% depending on district.
    Last edited by HHM; 09-09-2007, 09:25 AM.

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      #3
      so if i did a 100% pay back, i took all my debt and divided by 60, it came up to 1800, do i add an additional 6 to 10 % to that? thanks again!!

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        #4
        Originally posted by helpsoneeded View Post
        so if i did a 100% pay back, i took all my debt and divided by 60, it came up to 1800, do i add an additional 6 to 10 % to that? thanks again!!
        Bascially yes and no, figure it this way.....

        First of all, your payment is based on disposible income...not necessarily what you need to pay to be in a 100% payback.

        If you pay 1800/month for example, the trustee will keep $180 (10% as an example for trustee payment) and pay the creditors $1620 (1800-180). In order to be in a 100% plan, the $1620/month the trustee pay's the creditors would have in the end to equal the amount of the filed claims.
        Last edited by aa06a47; 09-09-2007, 06:12 AM.
        Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
        Plan Confirmation 6/16/06 :yahoo:
        Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

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