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  1. #1
    Join Date
    May 2019
    Posts
    1

    Default My 100% Chapter 13 Plan Appears to Be Ending Earlier Than I Was Told

    My question involves bankruptcy in the state of: Louisiana


    I entered into a 100% chapter 13 plan that was to last 5-years with my final payment being Nov 2019. I have been on time with every payment and track my progress with the NDC website. When I look at the officially listed principal owed and divide that amount by my payment amount (less trustee fee), it appears that I will have overpaid the claims by $1600 with my July payment.

    questions:
    Do chapter 13 plans generally build in a margin for potential misadventure whereby this early repayment is possible?
    Should I contact the trustee to discuss this with a possible early discharge or continue to make the ordered payments and be awarded a $12,000 refund when discharged?

  2. #2
    Join Date
    Mar 2013
    Posts
    16,748

    Default Re: My 100% Chapter 13 Plan Appears to Be Ending Earlier Than I Was Told

    Quote Quoting jrivoire
    View Post

    Should I contact the trustee to discuss this

    Uh, yeah.

    Common sense would dictate that as an appropriate course of action.

    Or, ask your lawyer, if you used one.

  3. #3
    Join Date
    Oct 2006
    Posts
    15,185

    Default Re: My 100% Chapter 13 Plan Appears to Be Ending Earlier Than I Was Told

    It is not uncommon at all in a 100% repayment chapter 13 to get paid off early. Many districts have websites where you can register and log in and view your account. Once you have paid off the balance due, you are done.

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