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BK 13 / CH 13 - Discharged & Now Closed!

FLLGuy
Regular Contributor

Re: BK 13 / CH 13 - How much time lapsed from last payment to discharge


@coreyb80 wrote:

Congrats and I'm sure it feels great to be done!!

 

I thought I was done only to find out today that I have 3/4 more payments left on my case.  Spoke with my attorney and he thinks it should only be 3 more, but hey we shall see.  


Yes, finally behind me.  Now I can sell my house and not worry the trustee will take a chunk from my proceeds.    @coreyb80  - What in the world happened?   Are you freaking joking another 3+ more payments?   Oh man, i'm sorry to hear that.  Not welcoming at all when expectations are contrary.  If there's any consolation look at this way.......if you dealt with it 60Mos+ then what's another 3 or 4 more, right?

Just keep your head up and keep a close eye on your NDC.org accounts and ensure money is being distributed accordingly.   This discrepancy you described should've surfaced through NDC....i would at least assume it should've.

 






Message 41 of 47
coreyb80
Senior Contributor

Re: BK 13 / CH 13 - How much time lapsed from last payment to discharge

I had been seeing 4 payments left in NDC and thought it was incorrect until I called my lawyer on it this morning.  Looks like the IRS adjusted their claim and won't be finished for another 2/3 months now that I've made the October payment. We are hoping they wrap up the IRS before the fourth payment as they're the only left to be paid now in full.  I'm cool with the extra payments as it's life, but I'll be glad when I see the words "DISCHARGED" haha!!

Message 42 of 47
FLLGuy
Regular Contributor

Re: BK 13 / CH 13 - How much time lapsed from last payment to discharge

@coreyb80  - oh OK, I see "Good Ole Uncle Sam" got his hand caught in the cookie jar and got stuck.   That explains it, funny here in Florida all my creditors got less money once IRS came back with $20K+ taxes owed.  After the corrections were made over the course of 3-4 months about my 2nd or 3rd year into BK the final number was $15K taxes owed.  Then in good old IRS fashion, my BK adjusted and made IRS payments priority over my federal school loans and all other credits got less monies. 

I guess in your case the correction is taking place at the tail end of your payment plan, which is fine.  As long as the IRS doesn't come back months after closing and reopen or levy against you.   Rather have it cleaned up now than later.






Message 43 of 47
coreyb80
Senior Contributor

Re: BK 13 / CH 13 - How much time lapsed from last payment to discharge


@FLLGuy wrote:

@coreyb80  - oh OK, I see "Good Ole Uncle Sam" got his hand caught in the cookie jar and got stuck.   That explains it, funny here in Florida all my creditors got less money once IRS came back with $20K+ taxes owed.  After the corrections were made over the course of 3-4 months about my 2nd or 3rd year into BK the final number was $15K taxes owed.  Then in good old IRS fashion, my BK adjusted and made IRS payments priority over my federal school loans and all other credits got less monies. 

I guess in your case the correction is taking place at the tail end of your payment plan, which is fine.  As long as the IRS doesn't come back months after closing and reopen or levy against you.   Rather have it cleaned up now than later.


Once he told me the IRS was the hold up I was fine with it.  Take what you need and leave me alone!!  My balance left is like $350.  Would be nice if they took it all out of my payment of $450 for November.  Too much logic behind that for it to happen.  

Message 44 of 47
coreyb80
Senior Contributor

Re: BK 13 / CH 13 - How much time lapsed from last payment to discharge

Doubled up in December to get this thing over and done with after 5 years.  Estimated Months Remaining on NDC is finally at 0.  I'm just waiting for the discharge process to begin so life after 13 can begin as well.  

Message 45 of 47
FireMedic1
Super Contributor

Re: BK 13 / CH 13 - How much time lapsed from last payment to discharge

Congrats @coreyb80 . Another chapter coming to a close. Finally!





Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
Message 46 of 47
coreyb80
Senior Contributor

Re: BK 13 / CH 13 - How much time lapsed from last payment to discharge


@FireMedic1 wrote:

Congrats @coreyb80 . Another chapter coming to a close. Finally!


Thank you and yes indeed.  I'm checking NDC and Pacer daily until I see discharged.  I'm sure it's gonna be a while, but it'll be worth it.

Message 47 of 47
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