I can't believe I just found this forum!
My husband and I are in our 53rd month of what is supposed to be a 59 month case. As you all can commiserate, it's been a long road. So in February when I logged into NDC and saw that our status had changed to "CASE ABOUT TO CLOSE", I got super excited, especially since I knew in March I would be receiving a (net) $12,000 bonus. After calculating all that was left to be paid (only have unsecured debt at this point). That bonus would cover it.
In March when I received the bonus, I immediately sent it to our trustee and contacted our attorney (Edit: I contacted our attorney before sending the bonus check). He said, it sounded like we were at the end. Yay for us, right?!? Well... a week later, I received a copy of an "Attorney's application for compensation" in the mail for $2,500, with a court date in May!!! Okay, so more waiting. In the meantime, we're still paying our monthly dues.
Our trustee does all disbursements on the last business day of the month so I was anxiously awaiting an update at the end of March. But no disbursements have been made to date. Our Balance on Hand is just shy of $15,000.
Today, I logged in to NDC and saw that our Percentage Paid to unsecured jumped from 18.10% to 24.93%. At the original percentage we had about $6,000 left to pay (including the newly acquired attorney fees) but now we suddenly owe $13,500!
I don't get how they can change the payout at this point in the case.
I'm hoping someone here can help me make sense of it without me having to contact our attorney. We've paid him $14,000 for not much of anything, just initial filing, a couple of modifications and a letter of direction for our auto insurance when my husband's car was totaled in January.
Any ideas as to what's going on?
Thanks!!
My husband and I are in our 53rd month of what is supposed to be a 59 month case. As you all can commiserate, it's been a long road. So in February when I logged into NDC and saw that our status had changed to "CASE ABOUT TO CLOSE", I got super excited, especially since I knew in March I would be receiving a (net) $12,000 bonus. After calculating all that was left to be paid (only have unsecured debt at this point). That bonus would cover it.
In March when I received the bonus, I immediately sent it to our trustee and contacted our attorney (Edit: I contacted our attorney before sending the bonus check). He said, it sounded like we were at the end. Yay for us, right?!? Well... a week later, I received a copy of an "Attorney's application for compensation" in the mail for $2,500, with a court date in May!!! Okay, so more waiting. In the meantime, we're still paying our monthly dues.
Our trustee does all disbursements on the last business day of the month so I was anxiously awaiting an update at the end of March. But no disbursements have been made to date. Our Balance on Hand is just shy of $15,000.
Today, I logged in to NDC and saw that our Percentage Paid to unsecured jumped from 18.10% to 24.93%. At the original percentage we had about $6,000 left to pay (including the newly acquired attorney fees) but now we suddenly owe $13,500!
I don't get how they can change the payout at this point in the case.
I'm hoping someone here can help me make sense of it without me having to contact our attorney. We've paid him $14,000 for not much of anything, just initial filing, a couple of modifications and a letter of direction for our auto insurance when my husband's car was totaled in January.
Any ideas as to what's going on?
Thanks!!
Bankruptcy Wizard
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