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    #1

    Early Payoff Progress

    I am in month 53 of a 60 month plan. I got approval to refinance my mortgage and pay the plan off early, got refinanced and handed in the final plan payoff check to the trustee's office on 09-23. I finally see the light at the end of the tunnel and it is NOT the oncoming train! My wage order stopped this week and the Ch 13 Trustee's website finally shows the case status as "Close Pending - Paid Out" and the final payments to the creditors and the refund to me for the extra wage order payments since payoff should be going out tomorrow. I got the "Congratulations" letter from the trustee in the mail today. It looks like this horrible thing is finally over!



    Thank God!
    Tags: None
    #2
    OH! That is soooo awesome for you! CONGRATULATIONS!!!!! May your life from this day forward be blessed!
    CH13 - filed 30 JUL 09, $1521 @ 60 mos (100% payback)
    Done!!! - 01 Jul 2014 I'm free!! Discharged 9/23/14!

    Comment

      #3
      Quick question - was your 13 filed before or after October 18, 2005?

      I'm asking because if you filed after October 18, 2005, then you will be our first 13er who has been able to pay out of their 13 early and not have to pay their creditors 100%.

      So.....when did you file? Under the old bk law or under the current bk law?
      I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

      06/01/06 - Filed Ch 13
      06/28/06 - 341 Meeting
      07/18/06 - Confirmation Hearing - not confirmed, 3 objections
      10/05/06 - Hearing to resolve 2 trustee objections
      01/24/07 - Judge dismisses mortgage company objection
      09/27/07 - Confirmed at last!
      06/10/11 - Trustee confirms all payments made
      08/10/11 - DISCHARGED !
      10/02/11 - CASE CLOSED
      Countdown: 60 months paid, 0 months to go

      Comment

        #4
        It would appear the OP filed under the old law as he states he is 53 months into a 60 month plan. The new law came into effect 48 months ago this month. So he would be eligible to buy out early.
        _________________________________________
        Filed 5 Year Chapter 13: April 2002
        Early Buy-Out: April 2006
        Discharge: August 2006
        "A credit card is a snake in your pocket"

        Comment

          #5
          Congratulations!
          Filed CH 13 4/21/08
          Discharged 5/29/13

          Comment

            #6
            Congrats. I will start the filing process net wed.
            Filed 11-19-09
            341 12-30-09
            8 payments down 52 to go

            Comment

              #7
              Congrats on the early buyout!
              Filed CH 13 07/18/08
              341 Meeting 09/03/08
              Confirmed 10/14/08
              Stats: $322 payment, 22/39 Completed

              Comment

                #8
                I too am interested to be sure OverThisCh13 is an "old law" case. I haven't seen a new law (BAPCPA) case with an early buyout for less than 100% to the allowed unsecured claims.
                Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
                Status: (Auto) Discharged and Closed! 5/10
                Visit My BKForum Blog: justbroke's Blog

                Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

                Comment

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