QUESTION
What happens to the overage amount on our chap 13 BK when all creditors that filed a claim have been paid? We have one more year on our BK. Thanks!
Asked on Apr 29th, 2018 on Bankruptcy - California
More details to this question:
We filed a Chapter 13 in April 2014, it's a five year plan. The yearly report shows all claims paid and an overage amount. Will we get that amount returned at the end of the Five year plan once our Bankruptcy is discharged?
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
If you had a 100% plan and all filed claims have been paid in full, you should contact the Trustee to start the closing process and get your discharge (if eligible). Any surplus remaining will be returned to you, or your attorney, depending on the local bankruptcy rules for the district where your case was filed.
Answered on Apr 30th, 2018 at 8:07 AM