Reply
Regular Contributor
Posts: 142
Registered: ‎02-06-2009
0

Chp 13 Discharge Process

Does anyone know what is actually entailed during the discharge process? I just got a letter from my trustee saying I owe less than one payment now-one month earlier than expected. It also says this is pending an audit of my acct and if they find I owe more, they'll contact me. I'm curious to know what exactly are they checking and why don't they know exactly how much you owe automatically? It would seem to me they would check that before sending the letter. Has anyone else experienced this and have you ended up owing any more money afterwards?
NFCU Cash Rewards $14,000/FNBO Platinum $4,600/Best Buy Citibank $2,500/Care Credit $7,600/TJ Maxx $600/Neiman Marcus $3500/Saks5thAve $2250

Starting Score: 426 Ch. 13 BK Filed Sep 2009; Discharged Jan 2013 :smileyhappy:
Current Score: TU 706 EQ FICO 701 EX 704
Goal Score: 720

Regular Contributor
Posts: 142
Registered: ‎02-06-2009
0

Re: Chp 13 Discharge Process

Anyone? I know someone out there has to know something.

NFCU Cash Rewards $14,000/FNBO Platinum $4,600/Best Buy Citibank $2,500/Care Credit $7,600/TJ Maxx $600/Neiman Marcus $3500/Saks5thAve $2250

Starting Score: 426 Ch. 13 BK Filed Sep 2009; Discharged Jan 2013 :smileyhappy:
Current Score: TU 706 EQ FICO 701 EX 704
Goal Score: 720

Regular Contributor
Posts: 225
Registered: ‎09-04-2012
0

Re: Chp 13 Discharge Process

Luvmeirahbug, I don't know as I filed Chapter 7. It sounds to me they simply review the balances to make sure of exactly what is left to pay off.  It looks to me there is definitely light at the end of the tunnel.  Let me know how it goes.

Regular Contributor
Posts: 142
Registered: ‎02-06-2009
0

Re: Chp 13 Discharge Process

OK, I will. I'm waiting to hear back from my lawyer as well. At the time of my post, she hadn't received her copy of the letter yet. Hopefully, she'll be able to shed some light on this as well.
NFCU Cash Rewards $14,000/FNBO Platinum $4,600/Best Buy Citibank $2,500/Care Credit $7,600/TJ Maxx $600/Neiman Marcus $3500/Saks5thAve $2250

Starting Score: 426 Ch. 13 BK Filed Sep 2009; Discharged Jan 2013 :smileyhappy:
Current Score: TU 706 EQ FICO 701 EX 704
Goal Score: 720

Contributor
Posts: 86
Registered: ‎06-02-2012
0

Re: Chp 13 Discharge Process

The reply earlier is correct, I was recently discharged, I paid off a year earlier, the trustee gave me 30 day payoff quOte. My attorney called me approx three weeks after I mailed in money. I even got a check back from trustee saying I over paid

Contributor
Posts: 91
Registered: ‎09-19-2012
0

Re: Chp 13 Discharge Process

I'm coming close to my chpt 13 discharge, according to my paperwork, the last payment will be 1/28/2013, what should I do at ths point? Any help is appreciated 


Starting Score: TU 614 EX584
Current Score: TU 650/EX 650 (Walmart)
Goal Score: 710


Take the FICO Fitness Challenge
Regular Contributor
Posts: 142
Registered: ‎02-06-2009
0

Re: Chp 13 Discharge Process

[ Edited ]

drboxing wrote:

I'm coming close to my chpt 13 discharge, according to my paperwork, the last payment will be 1/28/2013, what should I do at ths point? Any help is appreciated 



Where do you stand right now? (score, any CC's?)  What is your focus (i.e., higher score, new credit, house, etc.)?  Do you know what your trustee allows you to do?
NFCU Cash Rewards $14,000/FNBO Platinum $4,600/Best Buy Citibank $2,500/Care Credit $7,600/TJ Maxx $600/Neiman Marcus $3500/Saks5thAve $2250

Starting Score: 426 Ch. 13 BK Filed Sep 2009; Discharged Jan 2013 :smileyhappy:
Current Score: TU 706 EQ FICO 701 EX 704
Goal Score: 720

Contributor
Posts: 91
Registered: ‎09-19-2012
0

Re: Chp 13 Discharge Process

Have 3 more payments of 60 month chpt 13 BK, FICO (Walmart) 640, started working on getting a motrgage.  Just interested in how the discharge works fo chpt 13


Starting Score: TU 614 EX584
Current Score: TU 650/EX 650 (Walmart)
Goal Score: 710


Take the FICO Fitness Challenge
Regular Contributor
Posts: 142
Registered: ‎02-06-2009
0

Re: Chp 13 Discharge Process

*Update* I heard from my lawyer.  I'm not sure if this is a YMMV situation or not. I was told that the process will go as follows for me--

Trustee's office will audit the case, contact creditors to make sure the balances paid match trustee records.  Lastly, they would send some paperwork to my lawyer's office for me to sign.  Lawyer sends these documents back to the trustee and discharge papers would be finalized.  Process should be finished by next month. 

NFCU Cash Rewards $14,000/FNBO Platinum $4,600/Best Buy Citibank $2,500/Care Credit $7,600/TJ Maxx $600/Neiman Marcus $3500/Saks5thAve $2250

Starting Score: 426 Ch. 13 BK Filed Sep 2009; Discharged Jan 2013 :smileyhappy:
Current Score: TU 706 EQ FICO 701 EX 704
Goal Score: 720

Valued Contributor
Posts: 1,507
Registered: ‎07-24-2011
0

Re: Chp 13 Discharge Process


luvmeirahbug wrote:

*Update* I heard from my lawyer.  I'm not sure if this is a YMMV situation or not. I was told that the process will go as follows for me--

Trustee's office will audit the case, contact creditors to make sure the balances paid match trustee records.  Lastly, they would send some paperwork to my lawyer's office for me to sign.  Lawyer sends these documents back to the trustee and discharge papers would be finalized.  Process should be finished by next month. 


Yep that is just the way mine went as well.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.