Chapter 13 Plan Payment saga

[AZNoName]

So I started posting about my plan payment drama last night on a different thread

but I felt bad for hijacking mountanddo's thread (sorry!)

Long story short, Atty told me a to expect a pmt of 700-800 at the consultation.
We are filing next week, and paralegal emails me with an estimated pmt of 1500-1600. I've been nauseous for 2 days.

We're keeping a $400/mo car and 10K worth of non exempt property over a 5 year payment term. no arrearages or anything like that.

Turns out, she forgot to include about $500/mo of payroll deductions for my retirement contributions. After recognizing this error, the payment is down to $1000/month. WHEW!

Definately in the ballpark of what I was expecting. My blood pressure is slowly starting to drop to a normal level

[spidge]

Glad you were able to find the error. I hate that feeling when they give you the "good news" on what your payment will be. I almost crapped my pants, but I refused to settle for less so challenged it. I already felt like crap from having to file BK, but I was not going to struggle THAT hard while paying it off. Especially when I found that we had been living bellow poverty for many years already.
It was a simple duplication of claims that added a few hundred to the payment and they quoted me a 3 year plan. I asked if I could do a 4 or 5 as originally requested and settled on the 5.
I do have a question. I thought retirement deductions were not allowable? Had you been making these retirement contributions for some time before filing?

[mountanddo]

OH, I am so relieved for you! Happy dance!!!! No worries about hijacking the thread

[ValleYum]

Oh, AZNoName, I am SO HAPPY for you!!! You have to feel so much better!! You are going to get your chance at your Fresh Start!! Yay!

[AZNoName]

Thanks everyone, I am relieved, although it isn't over until it's over! Initially the atty didnt have a problem with my contributions as long as my employer matched. I've been contributing to my employer sponsored retirement since I became eligible for it in mid 2009. It seemed strange they had issues with my contribution, when they included my husbands deductions no problem (he just started contributing less than a year ago?)

If worse comes to worse and they don't allow my contributions, I guess I will just stop contributing.

[IamOld]

AZ i can see some of the stress lifting!!!!!!!!!!!