-1% to unsecured

[cubfan300]

When looking at my 13datacenter.com data, the percentage to unsecured states -1%. Does that mean that nothing is going to my unsecured creditors? In addition, dividing the secured accounts amounts by the payment amount, it leaves me with only paying for 50 months (25 down). I would think that the trustee would require me to stay in the plan for the full 60 months and pay down unsecured debt.
Any opinions?

[BigJohn]

What is your gross income per month?

Do you have a mortgage?

Do you have car payment(s)? Are they in or out of the plan?

Do you have other secure obligations?

[cubfan300]

6000/month,
Yes, was behind on payments and they are in the plan
Yes, they are in the plan
No

[cubfan300]

bump

[rrockinggramma]

I bet you are in it 60 months from confirmation date. (not file date) And the trustee will probably raise the percentage to unsecured. Mine has been raised 3 times. Started at 10, trustee took it to 35, then to 61.56 and now it is at 80 percent.

[cubfan300]

rrockinggrandmma,
Why would you say 60 months from the confirmation date? That would have me making 66 payments (filed 7/2/05, confrimed 1/10/06).

[rrockinggramma]

well unless your trustee does it differently, I found out right from my trustee's office on Friday that the clock starts ticking at confirmation, not file date. You might want to check this out. My lawyer never told me this. Had I known I would have planned some things differently.

[cubfan300]

rrockinggrandma,
I believe that there is some misunderstanding between yourself and your trustee. According to https://www.uscourts.gov/bankruptcyc...chapter13.html
the clock starts with the first payment, to be made within 30 days of filing, and cannot exceed 60 months.
I would contact your attorney to confrim that fact.

[cubfan300]

Does anyone else have any knowledge about my original question? If my plan calls for 100% payment to my secured creditors, -1%, as per the 13datacenter.com site and my filing paperwork, and the payment schedule based on my current payment having me completing my plan in 50 months, will my plan stop there?
I had one special unsecured creditor that I had in my plan (co-signer that I wanted to protect) that did not file a claim and those funds are now being used to pay my secured creditors.