Another step in the right direction!

[Humonese]

Filed: 07/17/2009
Entered: 07/17/2009
Entered By: XXXXX, Trustee
Event Name(s): Chapter 7 Trustee's Report of No Distribution - no funds
Full Docket Text:
Chapter 7 Trustee's Report of No Distribution: I, XXXXX, Trustee, having been appointed trustee of the estate of the above-named debtor(s), report that I have neither received any property nor paid any money on account of this estate; that I have made a diligent inquiry into the financial affairs of the debtor(s) and the location of the property belonging to the estate; and that there is no property available for distribution from the estate over and above that exempted by law. Pursuant to Fed R Bank P 5009, I hereby certify that the estate of the above-named debtor(s) has been fully administered. I request that I be discharged from any further duties as trustee. Key information about this case as reported in schedules filed by the debtor(s) or otherwise found in the case record: This case was pending for 2 months. Assets Abandoned: $ 192330.00, Assets Exempt: $ 35642.64, Claims Scheduled: $ 295395.68, Claims Asserted: Not Applicable, Claims scheduled to be discharged without payment: $ 295395.68. Filed by XXXXX, Trustee (RE: related document(s): 9 Meeting of Creditors Chapter 7 No Asset Individual).

We're getting closer!!! Now it's just a waiting game right? (Well, we need to take the post-341 counseling, but we paln to do that this week.)

[Humonese]

Looks like they're discharging both cars and the house as well, but we've never been late on any of them and haven't reaffirmed...keeping all, though.

[lrprn]

Because you didn't reaffirm, your trustee is stating the loan balances at filing on the cars and house will be wiped out when your case is discharged and closed.

As long as you continue to make on-time payments without fail (the so-called "ride through"), you should be able to keep your cars and house. Miss a payment or pay late though - then your lender has every right to repossess and is likely to start those procedures in motion. So stay current on your loan payments!

[aces67]

Congrats to you! You're getting closer!

[Humonese]

Well that's a bit concerning since Chrysler Financial usually doesn't send the payment stub until a few days before it's due...but losing the $550/month payment probably wouldn't be the worst thing that could happen. Now the house...that worries me!

[lrprn]

Well that's a bit concerning since Chrysler Financial usually doesn't send the payment stub until a few days before it's due...but losing the $550/month payment probably wouldn't be the worst thing that could happen. Now the house...that worries me!

Pardon my French, but screw waiting for the payment stubs to arrive in snail-mail and sending payments that could be "lost" or posted to your account late to purposely create late fees.

Find out if your bank or credit union has online bill paying, then start making your car and house payments from there. There's no rule that the payment has to go in the envelope sent by the creditor. All you need is to make sure the correct account number is added to your payment through the bank/CU.

Your one responsibility is to make sure that the mailing address you set up in online bill pay matches the envelope or payment stub that Chrysler and your mortgage lender send you. This gives you independent verification that the payment was sent if it's ever questioned or if you need to challenge a late fee for a payment made on time. Piece of cake.

[Humonese]

Chrysler killed our online bill-paying access when we filed. I'm just mailing a check with a copy of the last statement this time, then I'll call and argue about reinstating online payment.

Why would they make it harder to pay your bills by eliminating online access? Morons.

The mortgage will be fine, it's still online. I love my house, I'd hate to lose that. Plus I have 5 kids so renting would be tough.

[Humonese]

Oh, I'm sorry, I misread your post - that is a good idea to use the bank to make the automatic payment. I'll look into that.

[OhioFiler]

Chrysler killed our online bill-paying access when we filed. I'm just mailing a check with a copy of the last statement this time, then I'll call and argue about reinstating online payment.

Why would they make it harder to pay your bills by eliminating online access? Morons.
The mortgage will be fine, it's still online. I love my house, I'd hate to lose that. Plus I have 5 kids so renting would be tough.

Your debt is discharged in BK. You don't actually owe them anything. How can they bill you for something you don't legally owe them?

[Humonese]

Your debt is discharged in BK. You don't actually owe them anything. How can they bill you for something you don't legally owe them?

They still send me notices of the option of "voluntary payment" because I still have 'their" car, I guess. But I do see your point, thanks.

[gowiththeflo]

whata happens when there is a house to liquidate, that would not be a "no distribution"?

[Humonese]

whata happens when there is a house to liquidate, that would not be a "no distribution"?

I'm not sure I understand the question? Our house has an allowable amount of equity ($10k maybe?), that's why they're not taking it in the bk.