Oh well

[rrockinggramma]

Today I checked the 13 Network as I do every morning. I was hoping that the trustee would be really nice and discharge me early. I am 27 months into my 36 months and all of my "stuff" has been paid by the trustee. Well today, the 13 Network shows that the trustee raised my percentage payout to the unsecured's from 35.57 percent to 61.5 percent. I knew this was a possiblity but I was hoping to be done. So I guess I am hanging around here for a while longer.

[doglover]

UGH! The positive side is at least you are almost done. Hang in there and the time will fly by.

[woeisme]

Bummer! But you are in the homestretch at least! I have only made 2 payments so far, 58 to go!!! And next week is the 341 meeting, very nervous that the trustee will up our payment, not allow some of our medical expenses since they are on the high side (husband has chronic condition that requires treatments) and higher than normal fuel costs since he has to commute to work. We've been doing ok the past two months, not much left over but able to stay within the budget, so an increase is my biggest fear...

[krielly]

Yes, seems like that's standard - unless it brings you to 100% payment, no break for us debtors

The good news is you are very close! We're only 25 mos into a 60 mos plan.........ugh........

Hang in there! The end is definitely in sight!!!!!!!

K

[chpxiii]

This is scary for me. I have 0% to unsecured. I sent my pay off amount which ended up making my "total paid into plan" match the "plan amount".

I check 13datacenter.com almost daily, if not daily. And it still says, "About to close." So now I'm holding my breath. I do know that I needed to atleast be in my plan for 36 months. I had been paying into the plan for 51 months when I paid off. So I'm hoping that's it. Especially since I have over $1900 left as "Balance on Hand."

[HHM]

Did some unsecured creditors not file a claim in your case?

[rrockinggramma]

not sure HHM if you were talking to me or not. LOLOL no, not many filed claims in my case. Originally plan was written for 10 percent to unsecured. Noticed after confirmation that trustee had raised it to 35.57 percent and today, of course 61 percent. Yes I am almost done and each month I send in another payment brings me 1 month closer. But I could have so used the extra for Christmas this year. Guess I will just embroider my towels as I planned to give out this year.

[HHM]

Yes, the question was directed at you.

The percent pay back in the original plan and how much you end up paying will vary.

Mainly, your original plan assumes all unsecured creditors will file a claim in your case. However, the reality is, some creditors do not. If a creditor does not file a claim by the claim submission deadline, they don't get paid and their debt gets discharged. However, because your duty is to provide all your disposable income for the length of the plan...instead of getting done early or lowering your payment, the percent you pay to unsecureds gets increased. (the only way for the plan to end early in this scenario is if so few unsecured creditors file claims, that you would end up paying 100% to unsecureds who filed claims in less time).

Thus, there isn't anything arbitrary or capricious about the increase in percent paid to unsecured.

[Purple]

Today I checked the 13 Network as I do every morning. I was hoping that the trustee would be really nice and discharge me early. I am 27 months into my 36 months and all of my "stuff" has been paid by the trustee. Well today, the 13 Network shows that the trustee raised my percentage payout to the unsecured's from 35.57 percent to 61.5 percent. I knew this was a possiblity but I was hoping to be done. So I guess I am hanging around here for a while longer.

I dont understand how they can do this. After it is confirmed, isnt that it? Can they really just extend it at the drop of a hat if they feel like it?

[SinkingFast]

I dont understand how they can do this. After it is confirmed, isnt that it? Can they really just extend it at the drop of a hat if they feel like it?

The Court isn't extending the Plan. The Plan was originally scheduled to go 36 months and RRGma has 11 more months to go on the original schedule.

Currently, RRGma has paid into the POT, the total $$$ amount set at Confirmation.

Very few Creditors filed Claims so those that did are gonna get a bigger pay back than originally set at Confirmation.

RRGma will continue making the same payments for the same time period as originally planned.

[helpless]

Am I the only one whose creditors all filed claims. Good luck.

[Peevee]

Am I the only one whose creditors all filed claims. Good luck.

All mine did too.

[rrockinggramma]

I only had 11 file for unsecured claims, out of the original 18 I had listed. And some of those who filed were for small amounts. And HHM is right. The plan was suppose to go for 36 months and it hasn't been 36 months yet. I knew that that was a probable outcome, but I was hoping. LOLOL And it will all have been well worth the wait in the end. Where I am now emotionally and financially and where I was in August 05 when I filed are two different places entirely.

[truckerswife]

Okay, I have asked similar questions before but I want to make sure I understand. We filed for 40 months at 100% payback. Well, co-signor paid a line of credit off (ok'd by trustee). That took off 4 months of payments. So now we are down to 36 months (actually 34 if you don't include the 2 we just made). If all creditors do not file claims than can we be out of bankruptcy in less than 36 months? Or will the trustee still show us in bankruptcy until the 36 months is up?

[rrockinggramma]

because you are 100 percent payback, when those who file claim are paid, you should be done, even less than 36 months. I was not at 100 percent payback.