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    Question about letter I received from my Trustee

    The header is titled: Dividend Adjustment Notice

    Summarizing, it states that due to an audit adjustments have been made in my case.

    Base amount: $49,500
    Total paid in:$14, 437.50

    This part below was highlighted-

    Base Balance: $35,062.50
    Estimated Percent to Unsecured: 32.6268%

    Does this change anything? What do I need this information for?

    #2
    A dividend adjustment probably means that the "estimated percentage to unsecured" creditors has increased. This could be due to a tax refund being surrendered and applied, other unexpected "disposable" income received in a Chapter 13, or even a miscalculation which the audit discovered. I think this is purely an accounting notice.

    It should not affect anything that you need to do.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

    Comment


      #3
      Originally posted by justbroke View Post
      A dividend adjustment probably means that the "estimated percentage to unsecured" creditors has increased. This could be due to a tax refund being surrendered and applied, other unexpected "disposable" income received in a Chapter 13, or even a miscalculation which the audit discovered. I think this is purely an accounting notice.

      It should not affect anything that you need to do.
      Thank you!

      Comment

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