Chapter 13 pay off

[Kimbergrl]

Hi! I've budgeted to have my Chapter 13 paid off in August. I know i have 5 more months but I'm a little antsy and very excited. Anyways, in the collective group experience how long does it take for the Trustee to realize you paid it off? It's probably different for each Trustee but I'm just curious as to everyone's experience. I'm so ready for this to be done!

[justbroke]

Never ever pre-pay a Chapter 13 without consulting your attorney. If you don't have an attorney, never ever payoff a Chapter 13. The only exception is if you're in a 100% Chapter 13.

If you are in less than a 100% plan, the Trustee can just say "thanks for the money" and the plan base will just be increased to include the extra payment(s).

[Kimbergrl]

Thanks for the info! My apologies for not mentioning that I'm in 100% repayment.

[justbroke]

My post didn't mean to point that out, but moreso when someone reads the post in the future. The rules are simple: (a) always speak to your attorney before making extra payments, (b) don't make extra payments unless you are in a 100% plan, and (c) if unsure, always go back to (a).

I tried to look at your older posts to see if you were in a 100% plan but couldn't find anything.