ch 13 creditors not filing

[papa0881]

filed 1-2-2007 confirmation hearing 8-15-2007....

out of 89 creditors only 20 filed claims.... i do not understand this though....

Q: can they still file a claim AFTER everything has been confirmed?

Q: will i receive a refund seeing i am paying for the creditors as they did file a claim?

Q: do i have to keep paying the same amount the whole time or will they down it once they see them not claiming the money.


i am like most of you, have cc debt and also med billls up the po-po none of them made a claim though lol only irs and state tax, thats it! o and a phone book co.... so will my payments come down soon?

[papa0881]

o im paying 21% for paybacks

[lrprn]

filed 1-2-2007 confirmation hearing 8-15-2007....

That's a long time between filing and your first confirmation hearing, papa - did you have trustee or creditor objections to deal with after you filed last January? Was the 8/15 hearing your second confirmation hearing?

Q: can they still file a claim AFTER everything has been confirmed?

Non-government creditors can file claims for 90 days after your 341, government creditors have 120 days. After this, the door closes and no one can file claims unless they can prove to the court that they deserve to file late - that they weren't notified in a timely fashion, for example. This is very unusual and most judges are tough about allowing late claims unless there is a legitimate reason.

Q: will i receive a refund seeing i am paying for the creditors as they did file a claim?

There's no "refund" involved here no matter how many creditors file or don't file claims. What happens is that your confirmed monthly payment goes to pay all your creditors that do file claims until those creditors are paid in full or you make payments for the number of months your plan is to run - whichever comes first.

Q: do i have to keep paying the same amount the whole time or will they down it once they see them not claiming the money.

No matter how many creditors file claims, you still pay the monthly payment amount that was confirmed until the creditors who do file claims are paid in full or you make payments for the number of months your plan is to run, whichever comes first.

...will my payments come down soon?

The only reason your payments will come down is if there's a long-term, significant decrease in your income or a long-term, significant increase in your expenses. Then and only then can your lawyer file an amended plan to request a reduction in your monthly payments.

Sorry....I doubt any of this is what you were hoping to hear