Expiring Lease Payments During Chapter 13
My question involves bankruptcy in the state of: Nevada
I am 19 months into a 60 month Chapter 13. I was able to keep my home and 2 cars and they are separate from the Chapter 13 (i.e. I make individual payments to each and also make a Chapter 13 payment to my trustee).
My question is vehicle #1 will be paid off in 2 months and vehicle #2 has an expiring lease in 2 months. When that time comes will I get to pocket the extra money or will the trustee know or find out I no longer have those obligations and demand the extra money from me?
Thanks in advance for any help you can give me!
Re: Expiring Lease Payments During Chapter 13
If I assume that, as the vehicles are excluded from the bankrupt estate, your Chapter 13 payment already takes into consideration the amount you're paying on the cars as part of your discretionary income, I have no reason to believe that your payment will change when the vehicles are paid off. I don't have information nor access to the records that would allow me to be more specific.