Excess Money in Trustee Account?

[Maximo]

Because of a bi-weekley payroll deduction we have over $4,000 in the trustees account after the end of each month...and it is getting larger. Will the trustee release it or apply it to our bills? We are already at 100% payback.

[crookedoak]

anything that is in excess should be refunded. I am going through trustee audit for June di9scharge right now, and have almost 4,000 on hand.
They said I will get back any excess.

[lrprn]

Because of a bi-weekley payroll deduction we have over $4,000 in the trustees account after the end of each month...and it is getting larger. Will the trustee release it or apply it to our bills? We are already at 100% payback.

Trustees don't pay your bills the same way you did. They release the money when and where they see fit. The creditors have to take what he/she releases to them when it's released.

At the end of your plan after your trustee completes the required audit to ensure every creditor received what they were entitled to receive, if there is anything left over, you will get that amount back at that time.

Until then, stop worrying about how your trustee is disbursing your payments. You have zero control over that. Just keep making your payments on time - the one thing you do control in your 13.

[Maximo]

OK, we are only 9 months into the plan and have the excess...just wondering

[Maximo]

Excess is up to 8800 now!

[lrprn]

Excess is up to 8800 now!

Again, it doesn't matter how much builds up in your trustee's account or when/how much your trustee disburses payments to your creditors. Just keep making your payments on time. That's the only thing you have to worry about.

Just curious....has your Ch 13 plan been confirmed yet?