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As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
They are a trustee for many banks. As trustee they act as a disinterested third party until you default on your loan
You should check with your c 13 trustee. In general you can make a partial payment, but if the next payment is also a partial payment, or if you do not make up the difference, the trustee will file a motion to dismiss your case. It is always a good idea to let the trustee's office know your next payment will be short and why, and when you expect to get caught up. If you will not be able to continue the c. 13 payments as set forth in the plan, you may be able to end your c. 13 early or convert to a c 7. Consult your bankruptcy lawyer.
All debts should be paid, regardless of being secured or unsecured. However, if you are involved in a bankruptcy then the trustee will provide both the debtor and their creditor with the list of what, if anything, is being paid, adjustment, and/or monthly payment to expect.
It is possible for the monthly payments to be raised while in bankruptcy. There are many reasons for this. One is that there could be an increase in your income - either through overtime wages or new job. When the trustee notices that your income has increased, then your monthly payments can also increase. While most payment plans are of three years (some are of 5 years), it does not mean that a debt must be paid in 3 years. It can be paid in lesser time. So when you clear a debt in less time, the trustee can raise your monthly payments. Debts like car loan are often repaid before 3 years. Certain court ordered payments often terminate before the duration of the payment plan. Once these debts terminate, they are no longer part of the payment plan. In such cases, the trustee can raise your monthly payments. Legal Disclaimer: The answer above should not be relied upon as legal advice. The information provided above is based on insufficient facts and only speaks to a general opinion based on those insufficient facts. No warranty is provided that the answer is correct. No attorney-client relationship has been formed with me until a signed written contract is complete. For an official opinion, it is advised you seek legal counsel.
In some cases the trustee will allow a thirty day grace period for the missed payment. Pertaining to a first installment immediate action to dismiss the 13 might be taken. It is for the most part at the discretion of the bankruptcy trustee, missing any payment is reason for dismissal with prejudice.
The person should contact the BK trustee immediately. A trustee will generally give the debtor thirty days to bring the payment(s) up to date before requesting the "13" be dismissed.
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
They are a trustee for many banks. As trustee they act as a disinterested third party until you default on your loan
The Trustee must take actions to assure the process is adhered properly followed. The court could impose penalties, especially if the failure to respond results in a loss or is irresponsible.
Not usually. Once the plan is approved, that's it. There are 2 usual exceptions, if you inherit a large amount or win a lottery. Tax refunds, which are not employment income, often have to be sent to the trustee. It will shorten your plan completion time.
You should check with your c 13 trustee. In general you can make a partial payment, but if the next payment is also a partial payment, or if you do not make up the difference, the trustee will file a motion to dismiss your case. It is always a good idea to let the trustee's office know your next payment will be short and why, and when you expect to get caught up. If you will not be able to continue the c. 13 payments as set forth in the plan, you may be able to end your c. 13 early or convert to a c 7. Consult your bankruptcy lawyer.
It's your disposable income. The debtor files a statement of income and expenditures. The expenditures cannot be unreasonably high. The chapter 13 payment is the difference between the income and expenditures.
All debts should be paid, regardless of being secured or unsecured. However, if you are involved in a bankruptcy then the trustee will provide both the debtor and their creditor with the list of what, if anything, is being paid, adjustment, and/or monthly payment to expect.
Money for your plan payment, tax refunds.
You can either convert to a c. 7 or wait for the c. 13 trustee to move to dismiss your case. You should discuss these options with an experienced bankruptcy lawyer.
You can compel the BK trustee to take full cash payment and discharge the bankruptcy by going to his/her office in person or setting a court date. Your attorney can advise you the best path to take.