How big a deal is it to change the term from 60 months to 36 months after confirmation? Could I just increase the payments so it pays off in 36 months? Would it be discharged when the total of all payments are received or would I have to wait the 5 years anyway?
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if you are paying 100% back it probably would not be an issue.... however if you are not, then it will probably not be possible. Sorry to be a downer...Filed 7/17/10 1st 341 8/17/10 2nd 341 9/16/10 1st confirmation 10/06/10 2nd confirmation 11/10/10 Bar Date 11/15/10 3rd and final confirmation hearing Dec 8 and acceptance of plan Dec 29 2010.... -
enginegirl is right - your plan was based upon contributing virtually all of your disposable income. If you find that you can actually afford to pay more after the plan is confirmed, you have either gotten a huge raise, lowered your expenses drastically, or there was something overlooked in the original plan proposal. And, if you can actually afford to pay more and you are not in a 100 percent payback, you will end up paying more for 60 months.Comment
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