justbroke
Super Moderator
Last Activity: Today, 09:03 AM
Joined: 07-10-2008
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Yeah, it's confusing. That's why I always tell debtors not to worry about what's in the NDC. Use it only to see that some creditor was paid (and when), but not to track the real-time status of the case and payments. It's really good for looking at the claims and the amount paid to the creditor claim... -
For what it's worth, we only use the NDC to see, generally, what is paid. Chapter 13 Trustees don't use the NDC to manage their books. The Trustee can only take a commission if they make a payment, so if they show a payment being made then they can take the commission on the payment. I'm guessing that...Leave a comment:
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Welcome to BKForum!
Congratulations on completing a Chapter 13. Life after bankruptcy is good. I purchased a home, started new business, and have had no issues obtaining credit. This was especially easier when the BK fell off the credit report 2 years after discharge.Leave a comment:
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Welcome to BKForum! My condolences on the loss of your spouse; that is a tough issue to deal with and I know I have no words that can dull that pain. So, please just know that the folks here on BKForum are very friendly and compassionate.
If you've only been on VA disability all this time,...Leave a comment:
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I want to echo what Chapterbklaw has posted. In Florida, we have the Model Plan which was driven by so many diverse and sometimes very thick plans. I know that I contributed in part since my 2008 Plan of Reorganization was built on years of other plans that were confirmed in the years between 2005 and...Leave a comment:
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Welcome to BKForum!
It reads to me as though you are getting good advice and the strategy seems to be good. Of course, it's an untested strategy and you hope that the remaining creditors will settle for less than the plan value remaining. Just take your time and look at the math and see...Leave a comment:
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The Chapter 13 Trustee cannot write themselves a check until they write other checks. They only get paid commission on payments made. That's why it doesn't matter how much they collect from you; it only matters how much they pay to creditors to earn that commission. In my experience, there's a lag between...Leave a comment:
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At the closing of the case, things do move real slow. I don't think your Chapter 13 Standing Trustee is trying to keep your case open to earn a small commission. Most of the Standing Trustees have hundreds of cases so a single case is insignificant. In actuality, the Standing Trustee has staff, a building,...Leave a comment:
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@jhony665 please review forum rules on opening old threads....Leave a comment:
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