Hello All-
My husband and I are 12 months in on an uncomfirmed plan. 86K in unsecured debt. Nothing paid towards unsecured in the last 10 months. We have decided that I would go back to work and to get this plan paid off in the next 4 years ( time left in 60 month plan ). We are going to propose a 4 year pay off plan to our attorney tomorrow. I am trying to work the figures on a monthly payment. Can anyone advise? Is it as simple as taking the 86K in unsecured debt and dividing that by the number of payments left in plan ( 50 months ) ? That puts us at about $1720.00 a month. Do we add 10 % to that number to figure what the trustee gets paid? Adding another 8,600 ( 10% of unsecured debt ) to the total amount. I would appreciate any feedback on this or anything else surrounding a 100 payback plan. I would like to have my ducks in a row before we meet with the attorney tomorrow! Thanks!!!
My husband and I are 12 months in on an uncomfirmed plan. 86K in unsecured debt. Nothing paid towards unsecured in the last 10 months. We have decided that I would go back to work and to get this plan paid off in the next 4 years ( time left in 60 month plan ). We are going to propose a 4 year pay off plan to our attorney tomorrow. I am trying to work the figures on a monthly payment. Can anyone advise? Is it as simple as taking the 86K in unsecured debt and dividing that by the number of payments left in plan ( 50 months ) ? That puts us at about $1720.00 a month. Do we add 10 % to that number to figure what the trustee gets paid? Adding another 8,600 ( 10% of unsecured debt ) to the total amount. I would appreciate any feedback on this or anything else surrounding a 100 payback plan. I would like to have my ducks in a row before we meet with the attorney tomorrow! Thanks!!!
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