I have a 5 year chapter 13 plan. I'm 4 years into the plan with a year left, however my last statement from the trustee shows a balance of 3000. If I make my payments as scheduled I will be done in June. Instead of January 2019. Is it possible the trustee will end the Chapter 13 six months early or make me continue to finish the term. Also all of the debt that I was required to pay will be payed in June of 2018.
Consult with your attorney. If you do not have an attorney contact the trustee directly and ask, they have staff that will answer your questions.
Legal disclaimer: This answer in no way creates an attorney-client relationship. The answer requires more facts to be determined before a complete and specific answer can be provided. Reader accepts the risk of relying on such an incomplete answer and waives any claims of damages for doing so. The reader should contact a qualified attorney in their state to discuss these issues further before any action is taken. Any action taken without advise and counsel of a qualified attorney is inadvisable.
In our jurisdiction, your answer would depend upon whether you are an above median debtor or a below median debtor, and if you are an above median debtor an additional factor would be the % that your plan proposes to pay to unsecured creditors.
In most jurisdictions, an above median debtor must continue to pay into his/her plan until the 5 years from the petition date unless the debtor is paying 100% to unsecured creditors. Once all creditors are paid in full, the plan is complete even if the final payment is before the 5 year mark.
If you are a below median debtor, once you have completed payments required to pay all creditors the amounts proposed in the confirmed plan, you have completed the plan, provided your last payment in the plan is at 36 months from the petition date or greater.
If you have an attorney, call him/her and ask the question you posed here. Your attorney is aware of the local practice and whether you are an above median or below median debtor.
Answers and comments provided are for general discussion only. My comments are not to be considered legal advice and they do not create an attorney-client relationship.
I recommend that you speak with your attorney. There is not enough information here to answer your question as the answer requires information about the terms of your plan, the amount of debt in total, whether you are an above median debtor, whether you have a personal injury lawsuit or another claim that requires that your case remain open and there may be other matters specifically bearing on your case that affect the answer. Typically, the Court does not want to end the plan of an above-median debtor before the end of sixty months unless the debts are paid in full or all creditors receive notice and there is some factor in favor of an early conclusion.
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