Paying 100% on C13-

[tbon]

Hi-
New to forum- having trouble in figuring exactly why claim amounts from C13 are different from Credit Report #'s.
What I mean is that on my credit report, it says that a particular charge card co. has a reported balance on my CR as $0. balance, but it appears on my C13 claim summary that I am indeed paying them...
I have serious doubts that I am actually going to have to pay 100%. All the numbers are different and it's confusing.
It appears that most of my unsecured debts have been sold to ECAST or LVNV Funding. But on my credit report it shows that the balances are $0. Only ONE CC shows that it sold to ECAST, the rest say nothing. I know this would seemingly mean that those accounts have been sold, but I want to know for how much? Whose to say that the Trustee isn't pocketing some of that money for himself? Especially when I am supposedly in a 100% payback.
Not sure what my question is, other than on my claim summary, the numbers do not match up to my credit report.
I've been in this since Jan '07, and now I am behind on 1 1/2 months payback, but Trustee or attorney neither one have said one word about us being late on payment.
anyone?

[kornellred]

Once you decide to file Chapter 13, it does not matter how much you owe to whom. You are going to pay what you are required to pay for 36 or 60 months, and then the remaining debt is discharged. Nothing could be simpler.

[tbon]

I am paying 100%...of 140700. in five years.....yeah-100%

[woeisme]

you can't look at your credit reports to find out what you are paying, you need to look at your BK claims either through the chapter 13 network (if your trustee uses this) or through PACER. If creditors file claims, the amount they file for will be paid in your plan. Check out those numbers. How they report them on the credit report is meaningless at this point.

[BigJohn]

It looks like the original poster had his debt sold so the original creditor would post to the credit bureau a balance of zero (they don't own the debt any more). The new creditor will now post to the credit bureau the amount you owe them.

[justbroke]

It's a catch 22. Once you filed, all the creditors are required to report the debt as $0 balance and included in bankruptcy (IIB). That's why, after filing, you run a report and see that they are all (or most of them are) at zero balance.

That doesn't mean you don't owe them anything through the Chapter 13. You owe them what they put on the claim form (if they file prior to the claims bar date). If you disagree with the amount, then you need to file an objection to proof of claim, and state your basis as to why you don't owe that. Pointing to a credit report is not good evidence of what you owe.

[sharina]

Check NDC13.COM to verify they show you at 100% payback if you are unsure. The percentage set to payback shows up in the claim summary tab.

I am in a 100% payback to all creditors including unsecured. I had at least one creditor not come in with their claim - doesn't matter much, whoever submits claims is being paid back 100% - my plan is set up that way.

[tbon]

Yes, you all are correct!

I know that the CR really doesn't mean much at this point, but I watched that Dateline show the other night, and got to thinking..."what if the people that they (CC co.) sold my debt to is one of those slick outfits, and the trustee is pocketing some of that money for himself?"

After all we've been through at this point, I don't trust ANYONE, especially when I'm paying $2300. a month to a trustee.

My plan is set up the same way Sharina, 100% to all who filed a claim, unsecured, and only one secured, which was a vehicle that has been paid off first, then they paid what I owed in taxes that year first too. We only had one not file against us.
We were never late on our house, or 2 cars, so that was good, I guess,

I am on NDC have been from the first month after we filed over 2 yrs. ago.
Crap, it just seems that 2 1/2 yrs to go is f o r e v e r
It stinks