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Ch. 13: Case paid off early due to lack of claims
I just finished aNC-VZ case in which it was paid off about 5 months early without any such motion. Be sure to file your second course certification and app for discharge promptly. Trustee will file final report at some point.Jason
Sent from my iPhone
> On Feb 24, 2015, at 1:04 PM, 'Mark J. Markus' bklawr@yahoo.com [cdcbaa] wrote:
>
> A Ch. 13 client of mine, who is in a confirmed 14% plan, and still has about 10 months left in his 60 month plan, just received a refund check from the Trustee and the case is in process of being closed.
>
> Since some creditors did not file claims, he reached his 14% quicker.
>
> My experience in these cases has been that the Trustees will just file a motion to increase the percentage, and the debtor still has to complete the plan term.
>
> Has that policy changed, or did my guy just get lucky?
>
>
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> Mailing Address Only:
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California Board of Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
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>
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To: cdcbaa@yahoogroups.com
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Mark,
My only somewhat similar experience is with Trustee Dockery's office.r a MOMOD to close the case early. I was told that since my debtors were below-median, and that debtors had already paid to creditors more than had they just filed a chapter 7, there would be no opposition. I didn't have to do a MOMOD, just simply paid the case early and the closing process followed shortly.
Cheryl Deptowicz-DiazDIAZ LAW FIRM
3435 Wilshire Blvd., #2700
Los Angeles, CA 90010
Telephone (213) 232-0103Facsimile (800) 343-2957
cheryl@diazlawfirm.net
.com>
To: cdcbaa@yahoogroups.com
Sent: Tuesday, February 24, 2015 1:04 PM
Subject: [cdcbaa] Ch. 13: Case paid off early due to lack of claims
l has about 10 months left in his 60 month plan, just received a refund check from the Trustee and the case is in process of being closed.
Since some creditors did not file claims, he reached his 14% quicker.
My experience in these cases has been that the Trustees will just file a motion to increase the percentage, and the debtor still has to complete the plan term.
Has that policy changed, or did my guy just get lucky?
*************************
Mark J. Markus
Law Office of Mark J. Markus
Mailing Address Only:
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
The post was migrated from Yahoo.
X-Original-Return-Path: Diaz Law Firm
To: cdcbaa@yahoogroups.com
X-Yahoo-Newman-Id: groups-system
Mark,
My only somewhat similar experience is with Trustee Dockery's office.r a MOMOD to close the case early. I was told that since my debtors were below-median, and that debtors had already paid to creditors more than had they just filed a chapter 7, there would be no opposition. I didn't have to do a MOMOD, just simply paid the case early and the closing process followed shortly.
Cheryl Deptowicz-DiazDIAZ LAW FIRM
3435 Wilshire Blvd., #2700
Los Angeles, CA 90010
Telephone (213) 232-0103Facsimile (800) 343-2957
cheryl@diazlawfirm.net
.com>
To: cdcbaa@yahoogroups.com
Sent: Tuesday, February 24, 2015 1:04 PM
Subject: [cdcbaa] Ch. 13: Case paid off early due to lack of claims
l has about 10 months left in his 60 month plan, just received a refund check from the Trustee and the case is in process of being closed.
Since some creditors did not file claims, he reached his 14% quicker.
My experience in these cases has been that the Trustees will just file a motion to increase the percentage, and the debtor still has to complete the plan term.
Has that policy changed, or did my guy just get lucky?
*************************
Mark J. Markus
Law Office of Mark J. Markus
Mailing Address Only:
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
The post was migrated from Yahoo.