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Is 60 months really 60 months?

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    Is 60 months really 60 months?

    I am in 3rd year of Chapter 13, supposed to be 5 year plan, however according to report from trustee about disbursements of my payments, the amount needed to complete claims will be paid off by end of this year, my third year. If paid off by end of 3rd year, will I be discharged at that time instead of end of 5 years? thanks....

    #2
    Originally posted by beachchick View Post
    I am in 3rd year of Chapter 13, supposed to be 5 year plan, however according to report from trustee about disbursements of my payments, the amount needed to complete claims will be paid off by end of this year, my third year. If paid off by end of 3rd year, will I be discharged at that time instead of end of 5 years? thanks....
    If you pay the claims 100% you will be done. Otherwise, the unsecureds will get more than the percentage originally set up.
    Filed Chapter 13 02/2006 - Confirmed 05/2006 - Discharged 09/2011
    I'm not an attorney. My replies are merely suggestions or observations, not legal advice. As always, consult with an attorney before making any decisions.

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