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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


@Horseshoez wrote:

@FLLGuy wrote:

Update -

 

@Corey, @Horseshoez , @SB_F , @jmw1 , @FireMedic1 

 

I reported earlier the CRAs have started to report Bankruptcy disharge and noticed 3 point increase from TU and EQ.  However, now individual accounts are reporting "discharged" with point drops between (6-16points).  It's nerve wrecking to watch this fluctuate and learned from you all not to dispute and let it organically do it's thing.   I take it this is normal? 

 


Totally normal, my scores fluctuated nearly 50 points over the first six months.


@Horseshoez, @FireMedic1 , @coreyb80 , @SB_F

Glad I took your advice and waited it out and held back from disputing.  Now this week (6 weeks to be exact since discharge) I'm starting to see better pre-approval offers from both Cap1 and Discover.  Scores across (F8/F9 Credit Cards and Mortgage) soared after self-correction coupled with several $0 balances with overall less than 8% util.   Middle Mortgage score is 698 after this morning - feeling alot better.

Can't say it enough - thank you all for your experiences.  More work to be done still in the woods.










Message 31 of 47
FireMedic1
Super Contributor

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


@FLLGuy wrote:

@Horseshoez wrote:

@FLLGuy wrote:

Update -

 

@Corey, @Horseshoez , @SB_F , @jmw1 , @FireMedic1 

 

I reported earlier the CRAs have started to report Bankruptcy disharge and noticed 3 point increase from TU and EQ.  However, now individual accounts are reporting "discharged" with point drops between (6-16points).  It's nerve wrecking to watch this fluctuate and learned from you all not to dispute and let it organically do it's thing.   I take it this is normal? 

 


Totally normal, my scores fluctuated nearly 50 points over the first six months.


@Horseshoez, @FireMedic1 , @coreyb80 , @SB_F

Glad I took your advice and waited it out and held back from disputing.  Now this week (6 weeks to be exact since discharge) I'm starting to see better pre-approval offers from both Cap1 and Discover.  Scores across (F8/F9 Credit Cards and Mortgage) soared after self-correction coupled with several $0 balances with overall less than 8% util.   Middle Mortgage score is 698 after this morning - feeling alot better.

Can't say it enough - thank you all for your experiences.  More work to be done still in the woods.


Your more than welcome. Congrats. The ole saying. Good things come to those who wait applies to the start of the rebuild. Your on you way now dude!






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 32 of 47
FLLGuy
Regular Contributor

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

Quick Update - There's been some movement towards "Closing aka Terminated".  Meaning, this is where Trustee finalizes final report or audit and issues "terminated or closed" status.  This is different from the discharge, all this means the Trustee is no longer overlooking your estate.  One month allowing creditors to object then after deadline is met based on research i should receive closed papers within 4-6 weeks after.

 

  • 7/30/21 - From Pacer.Gov - Order Discharging Debtor (pacer.gov) shows discharged date 7/30/21.
    • Pacer Pending Statuses show "Awaiting Closing" since 7/30 and currently 7 days Time in Status.
  • 8/2/21 - From NDC - Balance on hand ($1800) reduced to ($0). NDC Case Status (no change) Completed - Pending Final Report
  • 8/3/21 - From NDC - Last Disbursement entered as 8/3/21.
    • Plan Base, Total Paid into Plan, and Total Paid to all Parties now match.
  • 8/4/21 - Trustee Offices, Called on check statuses (32 checks cut / 1 check cleared in 3weeks / 31 more to go)
  • 8/5/21 - MyFico alerts both EQ & TU bankruptcy discharged entered (3 point gain) waiting on EX expected to be last advice from forums.
    • Cap1 now allows me to prequalify for 3 (Plat, QS1, Secured) - holding off for now.  Recently app'd for NFCU secure $200 and added as AU to AMEX Cash Magnet new account $15,000 SL w/3% utilization.
    • However, my wife gets Cap1 prequalify for 6 different cards including Savor One and Venture. She app'd Savor w/$1,000 SL sucks but she's happy to accept considering our circumstances glad Cap1 let us back in after burning them over $10K in BK 13.
  • 8/1/21 - from Pacer.Gov - BNC Certificate of Mailing - Order of Discharge
  • 8/6/21 - Received "Order to Discharge" in the mail signed by the judge dated 7/30/21.
  • 9/13/21 - From Pacer.Gov - Chapter 13 Trustee's Final Report and Account (Fully Administered) Filed by Trustee. Objection Deadline: 10/13/2021.(Entered: 09/13/2021)
  • 9/13/21 - NDC.Org - Status is now "Completed -V"

 

 

A few screenshots for those interested on what this looks like from PACER.Gov.  You can also look at other closed cases through pacer.gov, which is what i did to help hedge my anxiety.

 

Screen Shot 2021-09-15 at 11.39.52 AM.png

Screen Shot 2021-09-15 at 11.47.11 AM.png

 

 

 










Message 33 of 47
FLLGuy
Regular Contributor

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


@FLLGuy wrote:

Quick Update - There's been some movement towards "Closing aka Terminated".  Meaning, this is where Trustee finalizes final report or audit and issues "terminated or closed" status.  This is different from the discharge, all this means the Trustee is no longer overlooking your estate.  One month allowing creditors to object then after deadline is met based on research i should receive closed papers within 4-6 weeks after.

 

  • 7/30/21 - From Pacer.Gov - Order Discharging Debtor (pacer.gov) shows discharged date 7/30/21.
    • Pacer Pending Statuses show "Awaiting Closing" since 7/30 and currently 7 days Time in Status.
  • 8/2/21 - From NDC - Balance on hand ($1800) reduced to ($0). NDC Case Status (no change) Completed - Pending Final Report
  • 8/3/21 - From NDC - Last Disbursement entered as 8/3/21.
    • Plan Base, Total Paid into Plan, and Total Paid to all Parties now match.
  • 8/4/21 - Trustee Offices, Called on check statuses (32 checks cut / 1 check cleared in 3weeks / 31 more to go)
  • 8/5/21 - MyFico alerts both EQ & TU bankruptcy discharged entered (3 point gain) waiting on EX expected to be last advice from forums.
    • Cap1 now allows me to prequalify for 3 (Plat, QS1, Secured) - holding off for now.  Recently app'd for NFCU secure $200 and added as AU to AMEX Cash Magnet new account $15,000 SL w/3% utilization.
    • However, my wife gets Cap1 prequalify for 6 different cards including Savor One and Venture. She app'd Savor w/$1,000 SL sucks but she's happy to accept considering our circumstances glad Cap1 let us back in after burning them over $10K in BK 13.
  • 8/1/21 - from Pacer.Gov - BNC Certificate of Mailing - Order of Discharge
  • 8/6/21 - Received "Order to Discharge" in the mail signed by the judge dated 7/30/21.
  • 9/13/21 - From Pacer.Gov - Chapter 13 Trustee's Final Report and Account (Fully Administered) Filed by Trustee. Objection Deadline: 10/13/2021.(Entered: 09/13/2021)
  • 9/13/21 - NDC.Org - Status is now "Completed -V"

 

 

A few screenshots for those interested on what this looks like from PACER.Gov.  You can also look at other closed cases through pacer.gov, which is what i did to help hedge my anxiety.

 

Screen Shot 2021-09-15 at 11.39.52 AM.png

Screen Shot 2021-09-15 at 11.47.11 AM.png

 

 

 


Documenting in the event anyone else is curious what happens after your last payment:

  • 7/30/21 - Discharged
  • 9/13/21 - Final report submitted by Trustee to creditors allowing "creditors) 4 weeks to object.  Based on research normally once your trustee submits their "Final Report" it's pretty much a done deal.
  • 10/14/21 - No changes - Pending case closure aka "Terminated Status".
  • Next Expectations - Pending to see "Final Decree"

 

A few images attached for your viewing pleasure taken from my own "Pacer.Gov" account.

Screen Shot 2021-10-14 at 2.13.25 PM.pngScreen Shot 2021-10-14 at 2.12.43 PM.png










Message 34 of 47
FLLGuy
Regular Contributor

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

OKAY HIP-HIP-HOOORAY!!!!   HIP-HIP-HOORAY!!!!   

What do you want to see after discharge?   .......... answer:   Case Closed aka Terminated.   Finally mokey off my back then next objective wait for this "BK13" comment to fall off my report during the next 1.5yr.  I have images to share

 

Summary:  Case closed 81 days after official discharge.  If you've been discharged and get "collection calls" please direct them to your BK attorney you may be entitled to $1,000 per each incident if they attempt to collect on accounts included inside BK.  I've gotten an influx of calls during the last two weeks .......tell your attorney.

 

 

Screen Shot 2021-10-19 at 12.42.45 PM.pngScreen Shot 2021-10-19 at 12.42.22 PM.pngScreen Shot 2021-10-19 at 12.40.43 PM.pngScreen Shot 2021-10-19 at 12.38.51 PM.png










Message 35 of 47
kr43002
Frequent Contributor

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

Congrats! Bet this is a load off your shoulders

BK7 DC 5/21
5 Month Post DC
Gardening Since: Im bad at that...
Current Fico: 623 EX 11/3/21
Goal Fico: 690 8/22
Total Credit Line $1700

Banks

Credit Cards

Loans
Message 36 of 47
FLLGuy
Regular Contributor

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


@kr43002 wrote:

Congrats! Bet this is a load off your shoulders


oh man!  no more permission seeking "felt like i was in the Mommy Dearest Movie".  The rope has been cut!










Message 37 of 47
FireMedic1
Super Contributor

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

Congrats @FLLGuy ! Free at last!






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 38 of 47
NYC_Fella
Regular Contributor

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

Congratulations and the best of luck to you, @FLLGuy!

Message 39 of 47
coreyb80
Senior Contributor

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

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.  

Message 40 of 47
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