What are you Ch 13 payments (propposed and final outcome)?

[berkeleygl]

Our plan is $288.53 for 5 years. Our unsecured creditors are only getting 0.3% payback. We are under median and technically qualify for both a ch.7 and a ch. 13 3 year plan, but since we had $15,000ish IRS debt, this plan made the most sense. All of our IRS debt will be paid back in this plan. So, rather than file a 7 and pay back the IRS debt privately (and keep accruing interest etc), we chose to organize it this way. And if we had chosen a 3 year plan, the payment was too high for us (close to $600). Not enough DMI for that. So here we are

[jcsawyer]

Ours is 1660/mo for 60 months we just made our first payment to the trustee today.

[hmsmith]

I filed a Ch 7 and we were considered "higher income" and it was possible that a Ch 7 wouldn't work out. My attorney was really good and said he *thinks* it will pass but couldn't guarentee due to our income. However, I just wanted to share that my sister-in-law is on a Ch 13 and her payment plan is less than $100 a month. It is around $75 (and some change) per month for 3 years. I guess hers in the lowest I've seen of heard of.

[alo]

Thanks all. Jcsawyer, does your payment include cars? Just curious.

[Redsox]

Our payment started at 1350 for 2 years and the Trustee wouldn't confirm our plan. Finally my lawyer raised our payment to 1600/ mo and changed some wording in our plan and we just got confirmed after 2 1/2 years. This not the norm by any stretch though. Our cars and home mortgage are NOT included.

[jcsawyer]

Thanks all. Jcsawyer, does your payment include cars? Just curious.

It includes one vehicle I am surrendering my Mazda But we also have three cars one is paid off and two we owe on so I am letting mine go back since it is super upside down. It also includes our mortgage payment and arrears to that mortgage.

[kornellred]

Anyone who absolutely qualifies for a Chapter 7 would be a fool to choose Chapter 13 except to retain possession of an asset. But if you can clearly afford a Chapter 13, you will not be allowed to file a Chapter 7. That is the sense in which you have no choice.

There are a lot of borderline cases where eligibility for Chapter 7 is not clearly defined. If an attorney can legally manipulate a debtor's financial situation so as to eliminate the presumption of abuse, then submits a petition for bankruptcy under Chapter 7 for the debtor, that only means the debtor has realized a preference - not a choice.

[BNKRPTinNC]

$1850 per month and has not changed. Included in that amount is the atty, mortgage (+arrears), car, rv, and unsecured. Car, rv, atty, and arrears are paid off so the last 14 or so payments will be to unsecured debt.