I had a quick question about my semi-annual report. I am 36 months into a 5 year chp 13 received my report today. When I took my remaining balance and divided the number of pay periods left, I found that I will need to nearly double my monthly payment in order to pay off the monthly balance. Has anyone experienced this problem. I figured that by the time I reach the end of my payment plan, I will still owe $6,000.
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01/17/2009 Filed
03/03/2009 341 Meeting
04/14/2009 Confirmation Hearing -
Your signature says you filed in 01/2009, wouldn't you only be 22 months in to your plan?Filed CH13 - 06/2009
Confirmed - 01/2010
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Yup, youre correct. Although we were confirmed in January, our first payment was posted February. Anyway, there was some faulty math on my part. Everything seems to work out fine and it appears that we will finish 1 month early. So far we have 19 months of payments in with 41 to go if you dont count the payment for this month.01/17/2009 Filed
03/03/2009 341 Meeting
04/14/2009 Confirmation HearingComment
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And by confirmed, I meant filed. I hate all of this terminology.01/17/2009 Filed
03/03/2009 341 Meeting
04/14/2009 Confirmation HearingComment
Comment