What is Pro-Rata percent??

[irisrob]

Hello, my payment plan base is 27k and it is paid back at 100%. I noticed on the form it says that general unsecured are paid back at pro-rata percent.
I am hoping that since my payback is 100% that I can pay off my plan before 60 months. Another issue is that I owe another 4k on my 2008 taxes. I wonder if I can pay that myself each month or does it HAVE TO BE inlcuded
in my plan?

[lrprn]

I am hoping that since my payback is 100% that I can pay off my plan before 60 months.

If you are in a 100% plan, then it is possible to pay your plan off before hitting 60 months. Discuss if this is allowed in your local court.

Another issue is that I owe another 4k on my 2008 taxes. I wonder if I can pay that myself each month or does it HAVE TO BE inlcuded
in my plan?

Did you find out you owed the $4K extra in taxes before or after you filed your 13?

[irisrob]

2008 Taxes owed

I had my taxes completed after my confirmation hearing which was on
April 2nd. I now owe 4k, and I am paying back taxes in my current plan.

Also I still need want to know what Pro-Tanto percent means??

[StartingOver08]

Pro-rata means "in proportion, according to a factor that can be calculated exactly"

We don't really have any other information other than you are on a 100% plan - you would need to speak to your attorney; but, it sounds like you are paying 100% of the claim amount (whatever the claim is in your BK).

[irisrob]

Pro_tanto

thanks for the quick reply...my error I want to know what pro-tanto means..

[StartingOver08]

I had never heard of the word "pro_tanto" so I looked it up:

This term is usually used in a legal sense. For example, when a judge orders pro-tanto payment (partial fulfillment).

Maybe HHM or one of the others can chime in how it affects your BK case....

Found another definition that might help explain it:

(proh tahn-toe) Latin for "only to that extent." Example: a judge gives an order for payments for one year, pro tanto.