Results 1 to 7 of 7
  1. #1

    Default Debts Still Owed At Conclusion of Chapter 13 Repayment

    We filed a ch 13 bankruptcy for a 36 month period. The 36 months will be up soon, but according to my calculations we will still owe a few thousand dollars.
    How does this work? Do they extend the payment period? Are we forced to figure out how to pay off the lenders on our own?
    Help please :?:

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Cause of Debt

    Is this because you haven't made all of your payments under the Chapter 13 plan?

  3. #3

    Default

    No we have made all of them, and on time. But the 36 months will be up in April. Our payments are 231 a month, and I am sure we still owe at least 5 thousand. 6 months x 231 doesn't add up to what we owe.

  4. #4
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Debt Beyond Payment Plan

    Have you tried to discuss your situation with your bankruptcy trustee?

  5. #5

    Default

    I am trying to find her number now.
    I was hoping there was a simple explaination without calling her. I have a phone phobia

  6. #6

    Default

    In a paper I found...it says this:

    For a period of no less that 36 months, or extended as necessary, but in no case to exceed 60 months and until such time as creditors with non priority unsecured claims recieve 20% of their claims.

    So I am guessing that they will extend it?

  7. #7
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Extension of Chapter 13 Plan

    That's what it sounds like.

    1. Sponsored Links
       

Similar Threads

  1. Chapter 13: Chapter 13 and 100% Repayment Plan
    By mjsantos in forum Bankruptcy Law
    Replies: 3
    Last Post: 12-22-2009, 05:40 PM
  2. Chapter 13: Chapter 13 Repayment Plan
    By mogetti in forum Bankruptcy Law
    Replies: 1
    Last Post: 12-12-2009, 11:18 AM
  3. Trust Administration: Can a Trust be Used to Pay a Beneficiary's Debts to the Estate
    By Balthazar-B in forum Estate Planning, Administration and Probate
    Replies: 1
    Last Post: 09-01-2009, 01:35 PM
  4. Chapter 13: Repayment Of Chapter 13 Plan
    By justscott2003 in forum Bankruptcy Law
    Replies: 2
    Last Post: 04-25-2008, 03:15 PM
  5. Chapter 7: Filing Chapter 7 After Conclusion of Chapter 13
    By sld64 in forum Bankruptcy Law
    Replies: 1
    Last Post: 11-04-2006, 10:07 AM
 
 
Sponsored Links

Legal Help, Information and Resources