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What happens at the end of a chapter 13?


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#1 Luke1234

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Posted 02 August 2013 - 08:24 AM

No where on the internet is able to answer this question!  Do they ask for your paychecks for the past 6 months THEN give you a discharge of your chapter 13?  I was able to pick up a few extra shifts at work and ended up making about 1000 more than I thought I would.  Would we pay this back when it is over?



#2 Guest_FindLaw_Amir_*

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Posted 02 August 2013 - 08:28 AM

You may be interested in visiting the Bankruptcy and Debt Center and reading Chapter 13 Bankruptcy as a good resource to learn more about this topic.



#3 Luke1234

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Posted 02 August 2013 - 10:12 AM

Nope.  Not there.



#4 Tax_Counsel

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Posted 02 August 2013 - 12:51 PM

There is no simple answer to the question because each Chapter 13 case is a bit different. The details of the plan, as well as the practice of the trustees in your district, make a big difference in what occurs. If you have an attorney handling your bankruptcy, he or she is the best person to ask since that local knowledge is important.



#5 Luke1234

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Posted 02 August 2013 - 07:04 PM

hmmmm.... no one out there has ever been through a Chapter 13?  Can't believe the lack of information on this topic!



#6 doucar

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Posted 02 August 2013 - 09:31 PM

As taxagent said, each case is different as is each trustee.  Generally it is not the case that there is a review at the end of a 13.  Normally you make your last payment and get your discharge in a few months.  Now if this comes at a time when you are required to submit a copy of your tax return to the trustee, and somebody notices the difference in income, the trustee could begin a review.  Again it all depends upon the practice of your local chapter 13 trustee.  Your attorney should knowl



#7 Tax_Counsel

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Posted 02 August 2013 - 11:22 PM

hmmmm.... no one out there has ever been through a Chapter 13?  Can't believe the lack of information on this topic!

 

Lots of people have been through Chapter 13. The problem is, because each case and each trustee is different, how their Chapter 13 cases ended will vary quite a bit. Thus, what someone tells you happened in their case may have absolutely no bearing on what will happen in yours. Your attorney is the best one to answer the question because he will know (1) the details of your Chapter 13 plan and (2) the practice of the trustees in your district. Without those two critical pieces of information, it’s not possible to give you a specific answer on what you can likely expect to occur in your case.



#8 M.Corleone

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Posted 03 August 2013 - 07:57 AM

Please have your attorney to give you the details and answer to your question.  As stated above, in multiple instances, each case is 'case specific' .






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