Secured creditor and asset case?

[jimisbroke]

So we are an asset case. All of our creditors have filed a claim including the bank through which our auto loan is through. We are and always have been current on our auto loan payments. We did not reaffirm nor did the bank request that we reaffirm. My question is this; what happens to the extra money the auto loan bank gets that should have gone to other creditors? Meaning, bank puts in a claim for $10k, let's say that they get $1k when the trustee pays the creditors and lets also say that we pay the loan off in full. Do they get to keep the extra $1k? I don't expect to get it back but I feel bad that our other creditors to whom we are not paying are out the money. Just curious. I know it shouldn't really concern us but I'm just curious.

[despritfreya]

The Trustee will not be sending any money to the secured creditor. With few exceptions, only unsecured creditors share in the distribution in the context of a Chapter 7. See 11 USC 726.

Des.