CHAPTER 13 - FLORIDA need info

[amjo30]

Does anyone know if Florida requires a positive number outcome on the disposal income calculations? Also, does Florida allow zero percent payment to unsecured creditors or do you have to pay unsecured a certain amount such as 10%. Does anyone know?

[fltoo]

All depends on your disposable income.

If I am not mistaken, I think FL allows the usage of actual payments, though, instead of IRS standards.

Tons of posts here on chapter 13 and how they determine your payback amount. Good reading.

See HHM's sticky on payback percentage.

[UpsideDown]

We just filed in Tampa. We have negative disposable income on 22C and

proposed a plan that would pay back around 2% to unsecured creditors (just

the value of our non-exempt assets); No secured creditors since we're doing

a 2nd mortgage lien strip. Our attorney came up w/the plan and her

managing attorney OK'd it, so they think it's do-able.

BTW, the Trustee's fee in FL is 10% now, not 7.5%.

See HHM's sticky at the top of the Ch. 13 forum; he gives a good explanation.