Does going to the five year plan mean that you pay more

[reener]

I mean obviously you pay more to the trustee

but my payments to the trustee is low but I would like it lower

but I only have about 15,000 in debt I have to pay

which I am doing 100% in my plan as far as I know.

What again is the advantage of a 3 year plan besides just getting out of it faster...is that the big advantage less time?

We are in a 3 yr plan. We can not pay it off before the 3 yrs so our trustee states. 20 more months to go. We are also waiting on the motion to see if we can convert to a 7 we met the median and waitin on trustee to say it is a go. When we first started our 13 we were not a 100% payback and got 36 months

[lrprn]

Under the current bk law, debtors who are under the median income but file Ch 13 go into 3 year plans. Everyone else goes into 5 year plans.

Some districts permit 57-60 month 5 year plans to give a little leeway for when "stuff happens" during the five years and filers need to have some wiggle room without the trustee having to go back to get permission to extend the case beyond 60 months.

[SinkingFast]

I took your post off the tail end of that old thread and created a new one, Reener.

With Ch 13, you have to pay ALL of your disposable income every month into the Plan.

You really need to look at ALL of your expenses VERY closely. Make sure you account for all the irregular bills. Like trash, and insurances, and such. Save receipts for a while to see where your money really goes. How much you spend on light bulbs and such.

By carefully constructing your budget, you may be able to "reduce" your monthly disposable income and stretch out your repayment time period.