CH 7 Asset case - when do they get paid

[BearChaser303]

When and how will I know when creditors get paid from my CH7 asset case? The claims have been filed, trustee report done, etc so I'm just curious when they get paid and how will I know they have been paid? I know that I probably shouldnt care, however, 1 creditor is my student loan which is not discharged so I'm assuming whatever they get paid from my case should reduce what I have to pay back myself.

[BearChaser303]

nevermind, I just discovered they have been paid and the money credited to my student loan.

[PoorGrammyinBK7]

nevermind, I just discovered they have been paid and the money credited to my student loan.

I was hoping someone would answer your question, since I had a similar one.

Would you mind sharing a little more info with us about when, after filing they were actually paid and how the distribution was divided up? (How much for trustee, fees, different creditors, etc). Did secured creditors get anything or was it all for unsecured?

Thanks in advance!!

[AngelinaCat]

I was hoping someone would answer your question, since I had a similar one.

Would you mind sharing a little more info with us about when, after filing they were actually paid and what how was the distribution divided up? (How much for trustee, fees, different creditors, etc). Did secured creditors get anything or was it all for unsecured?

Thanks in advance!!

That is a good question, and we, 'Hub and I, are in a similar situation. We are an asset case and have made 5 payments of $450.00 each to the trustee. This should end with the April 2009 payment.

Our principal debt is to the IRS, which as I understand it, gets their payment before anyone else. We reaffirmed our car, and are making the payments on that. Everything else is unsecured CC debt.

So when will we know what has been paid and to whom by the trustee? Nothing has shown up on PACER. We do know that our case will not close until all this has been handled.

BTW, since our discharge on Aug. 13, 2008, the IRS has sent notices hinting about invoking levys on 'Hub's Social Security income--which for all intents and purposes is the only thing we are living on right now.

Any thoughts? Thanks.

[BearChaser303]

I was hoping someone would answer your question, since I had a similar one.

Would you mind sharing a little more info with us about when, after filing they were actually paid and how the distribution was divided up? (How much for trustee, fees, different creditors, etc). Did secured creditors get anything or was it all for unsecured?

Thanks in advance!!

The deadline for filing proof of claim was 5/12/08
The trustee final report was filed on 6/30/08 - deadline for filing objection was 7/25/08
The student loan payment posted to my student loan account on 8/18/08. I had no interest in checking the payments to other creditors, since all the others were discharged.

The only secured creditor who filed a claim was my HOA, however the trustee denied their claim. I'm not sure why, no reason was given. My other secured creditors (1st and 2nd mortgage and car lease) did not file claims.

So the only creditors who got paid were the unsecured creditors who had filed a claim prior to 5/12/08 (not all of my creditors filed claims). They were each paid approximately 3.07% of the claimed amount.

The trustee was paid more than anyone else. He got 25% plus almost $50 for expenses.