Unexpectated change in expenses(for the good)

[Cgriswold]

Hey all,

I am in a 100% payback 13 that due to fewer claims filing than planned would be fully funded about 5 months early. I learned today that a roughly $300/month expense is now ending that was included in the plan for the duration. Do I need to apply that $300 to the plan or can this go to savings?

Thanks in advance,
C

[woeisme]

Is the trustee paying this expense, or is it something you pay outside the trustee payment? If it is in the plan (trustee paying the $300/month to this creditor) then you can't just send $300 less per month to the trustee or your plan will get dismissed. If it is something that you were paying outside of the trustee payment, then it is possible you might get to hold onto the $... but I'd still contact your lawyer to make sure it's ok. If you pay off a plan 100%, I can't see them denying you a discharge when they do the final audit and perhaps realize that not all of your DMI was going to the trustee, but it's all going to depend on how much of a stickler your trustee is.

[Cgriswold]

yes, outside of the plan completely. I have forwarded the details to my attorney and will see where this lands. I guess I am fine either way as it would end the plan earlier. On the other hand, $300 a month in savings is nice too.