chapter 13 base

[wayne-o]

What is the name of your state? TN
How is the base $ amount determined in a chapter 13 case

 

[Ladynred]

Base what ?? Your payments ??

Secured debts must be paid at 100%. Unsecured gets a percentage based on your disposable income over a 3-5 year period.

 

[wayne-o]

sorry I probably should've explained more. I am paying back my unsecured debts at a rate of 20%. My chapter 13 has a base amount and I have to go for 36 months or pay the base, whichever takes longer. The trustee approved the 20% payback, however I'm at the halfway point of 36 months but the unsecured creditors have already received over 2/3 of the money the were supposed to get. I have almost reached the 1/2 mark to the base amount. So it will appear that I would have to go a little longer than the 36 months to get to the base amount. I did not know how the trustee figured the base amount. The creditors will receive more than 20%.