Chapter 13 refi closing tomorrow..it it a trap?

[fiats3]

I'm supposed to sign refi papers tomorrow and get and early discharge in a couple months. Going to give the trustee $45K and pay off my 5 year BK 13 plan way early (only made about 12 payments for a total of $5k so far).

My dilemna is this. The loan people are obvioulsy going to pay off my first mortgage ($309K) and the BK trustee ($45K) and closing costs (about $14K), leaving about $6K cash coming to me. The problem is, I have a bad gut feeling that this will not happen. I think the trustee will see that I got $6k when they get the HUD1 paper and then ask that I turn it over to them.

What do you think? Will the trustee let me 'slide', and allow me to keep the $6K, seeing how I'm paying off my BK (actually only paying off about 50% of my total debt, which was $100K when I filed)?...

[miss puff]

not exactly sure about refi's with 50% payback. Here's a link where other members have done refi's

http://www.bankruptcyforum.com/showthread.php?t=9875

good luck

[anonymuse]

I **think** you will be able to keep the amount of the homestead exemption in your state.