2 more payments - What to expect

[anunezal]

Hi, I am almost done with Chapter 13. I am in 100% plan. I follow all my accounts in NDC, and based on my monthly payment, plus trustee fee, I will cover All my accounts with 2 more payments. That will be 5 months earlier than the 5 years.

I was wondering what to expect after I made the payment that covers all. Do I still need to keep paying after, even if I cover all?

Every year my attorney keeps adding extra bills, and because I am in 100%, I have to pay all his bills. Last two years he added bills for around $1000 per year. I know he has to do extra work, once I am done with payments, I just wondering if he will still add more bills for that. I don't want to call him to ask, for two reasons. 1. Every time I call him, he add a bill, 2. I don't want to give him ideas to bill me more.

Also, I am in Portland, Oregon. Does anyone has expertise of how long will take to get the discharge after the last payment?

Thank you

[shipo]

I was not in a 100% plan so my experience will differ from what you will most likely encounter; were I in your shoes I would do the following:

• Continue making monthly payments until your Trustee and/or attorney inform you the order for your discharge has been submitted. In my case the order was issued only a few days after my final payment was posted, so assuming this holds true for you, then you will know well before the next scheduled due date to cease making payments.
• Once the order is issued you can expect the actual discharge to happen roughly one month after the order date.
• Once the discharge has been granted, wait four to six weeks, check your credit reports via annualcreditreport.com to make sure all accounts listed in your bankruptcy are showing a zero balance.
  • Note, the four to six week delay also serves to let financial institutions update their records as many use credit reports which are at least a month out of date.
• Once you've confirmed everything is in order, time to start shopping for enough new credit cards to fill your wallet with three, and once you have three, don't apply for any more until your Chapter 13 falls off your credit reports.
• If you don't have a mortgage or vehicle loan, in your shoes I would also apply for an SSL (Secured Share Loan) from either PenFed or NFCU; pay it down to under 9% with the proceeds of the loan, and then sit on it. Having an SSL will give you a nice score bump by the time the bankruptcy falls off your reports.

[anunezal]

Hi shipo thank you for the info. I will keep an eye. So, basically I need to get inform either by trustee or lawyer? Is there a way I can see the information in Pacer? or that ill be later?

Last time I checked my credit report from "annualcreditreport.com" ( last year) , all they showed Zero balance, and said closed and included in chapter 13 bankruptcy. Do I have to check for something else?

I do have a mortgage, that I have been paying from my own, all current, never missed a payment. But I have to make the payments over the phone, as I cannot access it from the website after the filing. I hope I can accessed again online, as it is a pain in the butt calling all the time.

I hope everything goes ok. I also did my second credit class (actually I did it 4 years ago).

Thank you

[Carmella]

You can see it in PACER. You can check PACER around the time you expect all of the accounts to be paid. I saw some info on PACER before my lawyer contacted me. There was an order issued to stop the payments, I don't remember what the official document was called.

Do you make your own payments or is it automatically deducted from your payroll? My was automatically deducted. My lawyer contacted me ASAP through email and attached the info I needed to give my employer to stop payments. I was lucky because I was notified at the best time during payroll so I did not over pay. If the timing was different I would have been refunded the $. I might have gotten some sort of refund, but I really don't remember.

I would not contact the lawyer if he charges you whenever you call. I had 100% payback, but my attorney didn't charge for calls it was just a set price when we filed. Watch Pacer and if you make your own payments continue until you are told not to make them.

It is a pain to make mortgage payments by phone. The bank won't change that until everything is finalized so just hang tight and keep paying by phone. You will be free soon!!