we have a lot of creditors that did not file claims, we are 9 months into a 3 year 10% plan, according to the 13 data center the trustee has paid out the 10% portion in claims that were filed, what happens to the rest of the money that I have to keep paying in for the next 2+ years? Do the unsecured creditors get more? Any help to answer would be greatly appreciated. Thanks!
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Yes, you keep paying until the 36 months are up (with the unsecured creditors receiving more).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. -
As NB2 states, you pay your percentage pot or up to 100% of all allowed claims, which ever comes LAST. If you pay off all allowed claims, 100%, in less than 36 months the plan will end early, otherwise you are stuck for the 36 months.
Des.Comment
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thank you for your response!Comment
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