Administrative fees added onto DMI

[klandsb]

Just wondering about the administraive fees that they would add onto your DMI pmt every month... Somewhere on here , not sure where, someone posted a $341 a mth pmt to administrative fee...OMG you mean they would add a high amount like that onto it... Doesnt make sense to me so that is why I am throwing it out there ..... I realize they would get there piece of the pie but is it a percentage of your payback ??????? thanks in advance to any info on this subject..

[andy158]

I'm from West Virginia, actually just down the river from Beaver Falls, and this is what my Plan figures are: The remaining lawyers fees of $1850 and the 10% fee for the trustee are taken out of the total monthly payment over the five year period and not added to it. That works out to about 13% going to non-creditor debts per month. Some have claimed to be balance billed for incidentals from their lawyer. That would be extra outside of the Plan. $341 per month is a little steep for admin fees and certainly not normal.

[woeisme]

I can't believe that anyone's administrative fees would be $341/month. Sounds more like a single payment or something to me. I'm almost 2 years into my CH 13 plan and the trustee has taken less than $600 total in fees, which is around $25/month.

It shouldn't really matter to you unless you are in a 100% payback plan, because what you pay will stay the same (based on disposable income) regardless of who gets the $, creditors, the trustee, whoever. (Although in a 100% payback plan any extra charge is more you have to pay).

[sharina]

It's a percentage of your payment, so while $341.00 is high - if you have a high 13 payment, it is entirely possible. I pay 130.00 a month to to the trustee - 8.2% of my payment. My in-laws confirming order specifically states that the trustee may come in and increase their fee sometime during the life of the plan.

[lrprn]

I realize they would get there piece of the pie but is it a percentage of your payback ??????? thanks in advance to any info on this subject..

Each Ch 13 trustee gets a set % of your monthly payment. How much of a % depends on which state you filed in.

Here's the table listing the current % a trustee in that state (or district for states that have more than one district) is allowed to charge as a monthly fee to administrate your Ch 13 plan - http://www.usdoj.gov/ust/eo/bapcpa/2...3_exp_mult.htm

As you can see, there's a wide variation between the trustee administrative fee in different states and districts - from 2.8% in western Pennsylvania to 10% in many states and districts. Hopefully your trustee's administrative % is one of the lower ones.