Signed the paperwork - filing early next week

[QuinnReilly]

I just got back from my attorney's office to sign all the paperwork - he will be filing early next week. I will be in a 100% repayment plan and my monthly payment is calculated at $1920. I can swing it with tightening my budget and I am 99% sure I will be getting a promotion with the raise effective in December. I don't know how much of a raise it will be - hoping for 6-10% - but that will provide immediate relief. My attorney has already confirmed that with a 100% repayment plan, any raises, bonuses, etc., are mine to keep. Only exception would be an inheritance or something along those lines, which I am not anticipating.

4 of my creditors were in settlement repayment plans through a debt settlement company but my attorney said they will probably claim the amount at the time of settlement minus any payments since then. I know that sometimes not all creditors file claims so that is obviously the hope. A couple of them are $1-2 k balances. Does anyone see any specific creditors typically not filing claims for a Chapter 13 bankruptcy? I know I have to wait until the deadline but I'm just curious to know if there are any trends.

I'm just grateful to have this almost finalized and filed and then I can just focus on rebuilding and saving.

[shipo]

It is definitely hit and miss when it comes to creditors filing claims, I've talked with a number of folks who've had at least a few of their creditors not file a claim, and others like myself, where every creditor filed a claim for every penny.

[flashoflight]

Junk debt buyers are most likely to file.

Your banks and credit unions are pretty likely to file. You'll occasionally get lucky from a financial creditor.

Dentists, utilities, and other non-financial businesses are hit and miss. But you'd be surprised at how little debt it takes for small business creditors to file.

[QuinnReilly]

I don't have any small business creditors that I owe. It's all credit cards and all but 3 are now owned by collection agencies but I'm not sure if they are junk debt buyers - Blitt & Gaines and Midland Credit Management own the majority of them. The ones that are still owned by the banks are Chase and Citi. Chase is closed but 2 Citi cards are still open.