Confused about 100% payback

[bkdone]

Hi Bernie,
I recently refinanced out of Chapter 13. I was 100% payback and I too was confused about why the amount I had to actually pay wasnt 100% of the unsecured owed. I looked over all of my documents...no help.

I believe...and this is only a guess...that there is some formula that they use, it isnt literal...dollar for dollar.

Like others have said, if you are confirmed for 36 months, make your payments and dont worry about it. At the end of 36 months, whatever unsecured claim that hasnt been paid, is discharged. Dont worry.

[Gone to Texas]

Folks I think when it says 100% to unsecured it means that 100% of your Chapter 13 payments are going towards paying the unsecured debt. Not that 100% of the debt is being paid off.

Hope that helps!!

Take care.