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    Pay off early?

    I've been in a Chapter 13 since Oct 09. I am only paying back my secured debt and my attorney. I only owe $2900. Can I pay this off in a lump sum? Only 1 of my unsecured creditors filed a claim of $650.
    Thanks

    #2
    Originally posted by kitkat2 View Post
    I've been in a Chapter 13 since Oct 09. I am only paying back my secured debt and my attorney. I only owe $2900. Can I pay this off in a lump sum? Only 1 of my unsecured creditors filed a claim of $650.
    Thanks
    You're in a good position. In order to get out of a Chapter 13 early you have to pay the unsecured creditors 100%. Thankfully only one filed a claim and it's for a small amount.

    Contact your attorney and tell him what you would like to do, and he'll be able to get a payoff amount for you.

    Congratulations.
    Filed Chapter 13 02/2006 - Confirmed 05/2006 - Discharged 09/2011
    I'm not an attorney. My replies are merely suggestions or observations, not legal advice. As always, consult with an attorney before making any decisions.

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      #3
      Wow, that's awesome! Good luck!
      Filed Chapter 13 on 2-28-10. 341 completed 4/14/10. Confirmed 5/14/10. Lien strip granted 2/2/11
      0% payback to unsecured creditors, 56 payments down, 4 to go....

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