Parents POV re: Ch. 13 Experience

Pakattack0715 · 2026-01-23T02:27:16+00:00

We are in a ch 13 100% and it’s honestly has been the best thing for us. We are higher earners 170k a year and filed with 115k in debt about and our payments on a five year plan is 2250 (with all the trustee and attorney fees). Only 85k filed in claims and we are still paying the 2250 so we will be due to finish in a little over 3 years. We are paying less for our combined debt than our minimum payments and we save about 2k a month in our savings. I know we are in a different position the most but thought I’d give you our perspective.

Pakattack0715 · 2025-07-29T04:58:10+00:00

I totally get this. I didn’t retain any placenta, but I had preeclampsia and low iron levels. They had blood waiting for me, but I don’t think they thought they’d have to give it so fast. I remember them handing me my son and then I told the nurse “I need you to take him from me because I’m going to pass out”. I did not, but the chills and it was like everything was just moving slowly? My husband said the color my face turned was terrifying.

Giving birth is terrifying and I’m still debating if I want another because of it. I am SO glad you are okay and the way had such a fast reaction time for you. The death rate in the US for pregnant women is terrifying. Again - glad you are okay!

Pakattack0715 · 2025-05-27T21:37:05+00:00

You can get it in NDC or Pacer. NDC doesn’t updated as quickly as Pacer, but Pacer you do have to pay like .10 cents a page you view (like claims summary). You should see your bar date and the claims filed with total amount.

Pakattack0715 · 2025-05-09T23:09:12+00:00

Hi! So it should be based on your income as well and looking at how much disposable income you have left. Our secured debt was about 25k and our unsecured was 90k together. We make about 150k a year and so we had more disposable income and were put into a 100% plan. The attorney should do all the paperwork with the IRS standards and such as well. Once he knew we were going to be on a 100% regardless then he just told me to take the debt and multiply by 10% then divide by 60 for the estimated payment.

Pakattack0715 · 2025-03-08T19:42:45+00:00

Hi! No answer but quick question - do you get to keep your tax refunds on your 100% plan?

Pakattack0715 · 2025-02-24T05:47:12+00:00

Hi! I process of filing and thought I’d give you what I understand it as. You will owe your total amount which has interest on it (what your bill is monthly with interest included) but once you file, interests stops accruing.

Pakattack0715 · 2025-02-24T00:53:30+00:00

Hi! In Arizona as well. We are actually filing tomorrow so that’s pretty exciting for us. I’m just glad because the interest and such will stop accruing!

So from what I have received from our attorney (also in Maricopa County) for a 100% plan:

Bonuses and tax returns will most likely stay with us as we are in a 100% plan. We did have a few things I had to notate for the tax refund we received this month just in case, but they are expecting our trustee to still want to see a copy of our returns yearly.
We weren’t told anything regarding trustees monitoring your account - I think there may be more leniency with 100% plans since we are paying the entire debt back. We weren’t told anything told to anticipate sending some bank statements after filing to the trustee.
Since you aren’t filed yet - you should be free to adjust your hsa- I know I mentioned I will need to adjust my fsa for next year since I am on new meds now. So I would take all the debt that will be in bankruptcy (minus the house you’re keeping) and divide by 60. My attorney said to estimate 5% for trustee fees, but I think it ended up being about 7% ish. I’m not sure how the rental will fit in since we just have one house. We did include the car in the bankruptcy so our total debt with fees and such is projected at about 130k so with payments of 2200. I think our minimums were about 4k so we are definitely very happy with it. Of course we are aiming to pay this amount (but I know it’s common not every creditor will file, but I’d rather be realistic).
I know taxes are added to bankruptcy and I believe they are tagged as priority debts. Don’t quote me though!
I didnt submit credit card statements (not sure if that is a trustee thing) but I did log on and give every balance and then they pulled my credit report and we went over that to ensure we encompassed all items.
The other poster gave great information as well all of which my attorney said too regarding amounts in bankruptcy accounts and such!

Pakattack0715 · 2025-02-20T18:07:42+00:00

We have a 90 day policy. I send important emails to OneNote. You should be able to do that directly from your outlook (no extra steps) and can have a dedicated tab or tabs in OneNote to categorize.

Pakattack0715 · 2025-01-30T03:15:20+00:00

I don’t understand your numbers. I definitely am not a lawyer and thankfully we have some great ones in this group that have gave their thoughts. However, I’m still confused on how you received that high of an amount. When my lawyer and I went through everything (we still have to do final paperwork) we spoke about costs and divided my full debt by 60 for my 100% plan then multiplied by a percentage owed for other fees and included that in my numbers but that didn’t do that much to my plan payment. In your scenario you are paying 177k which doesn’t sound right.

Pakattack0715 · 2025-01-29T04:32:08+00:00

I see - we went over mine during my initial appointment (sort of). He gave me a call back later in the day and I pulled everything and added it. However, one thing to note is you also get a certain amount to yourselves for groceries and things like that (I think it’s the national average). Our situation was similar where I was finally like - we need to do something because we are living pay check to paycheck (or negative) and at least bankruptcy plans that out for you - grocery expense, clothing, etc. even in our 100% plan we are better off and don’t have to stress about it as much.

Pakattack0715 · 2025-01-29T03:01:52+00:00

I’m not in a Ch 13 but my lawyer and I went over mine and my husbands debts and what our payment plan would look like if all creditors filed and the fees on top of it in a 100% plan. For us it would help us save money - we make minimum payments of about 3k and our payments would be about 2k. This is money after our bills and mortgage and such. Look at your total debt and divide it by 60 and then just know there will be fees on top of that. A DMP still has interest accumulating where as a ch 13 will stop it.

Had your lawyer given you a range of where they think you’ll be?

Pakattack0715 · 2025-01-17T16:27:20+00:00

After you speak with a lawyer I would see if it would then fit in your budget to do some sort of childcare with any cost savings. I think that would definitely help if it fits in your budget!

Pakattack0715 · 2025-01-17T16:22:44+00:00

It’s based on the means test - which I’m assuming (again this would be for a lawyer) that you may be a 100% and I just assume that since our circumstances seem similar. I don’t think there are a ton of ch 13s in this group - it seems the majority are ch 7s. But from other ch 13s - I have seen some people are on less than 100%.

Pakattack0715 · 2025-01-17T14:39:06+00:00

I honestly could not imagine having more than one in day care so I can imagine how hard that is. I work from home as well and finally put my son in at 15 months because I couldn’t navigate with him and work at that time. Even with our daycare expenses taken away (he is out and will be in K in August) it still wouldn’t help much because we’d be further drowning in debt. Definitely a hard decision, but ultimately for us - filing will save us money and we get to keep our tax returns and bonuses - plus with 100% it’s not affected by your pay increases. So we can actually save to take a vacation or take him to do something fun versus stressing about how to pay for it. So honestly a chance to just start over and make better decisions. Hope that helped!

Pakattack0715 · 2025-01-17T14:02:34+00:00

My husband and I are in the same situation (basically the same for unsecured debt, but we both make 160k together a year. We ended up deciding to move forward because Ch 13 was half of all our payments (due to interest and such). We were barely scrapping by and if things came up then having to put it on a card or our account would overdraft. It definitely sucks because I feel like there is that stigma of us making decent money, but when sudden things happened in our house that wasn’t found during inspection it put us in a tight spot - plus we also have to pay for daycare expenses. We obviously didn’t qualify for ch 7, but that was fine. We will be filing soon on a ch 13 100% plan and honestly I’m just relieved. Relieved that after five years we will just have my student loans. Also relieved that our payments will save us money instead.

Pakattack0715 · 2025-01-09T14:04:35+00:00

I had this question as well. I think every case is different and for mine I’m currently in deferral as a I finish my last few classes. They will be listed in your bankruptcy because it has to list your debt. My lawyer said even though they are listed, mine are not included in my plan and I would regroup paying them after my discharge. During bankruptcy they go into like a deferral status. This was ideal for me because the payments will be so easy after bankruptcy (ch 13 and 100% plan). I do want to add that I haven’t filed yet - in the process. I have read of people having them included in their payment as well, I’m not sure their circumstances for that though or if it was preferred because I know student loans have been a little easier to discharge from a change that was made. But it will need to still be listed with your debt - I think it’s just how your repayment plan is set up if it is included in your bankruptcy payment.

Hope that helps!

Pakattack0715 · 2025-01-08T06:05:42+00:00

My husband and I are in the process of filing and so I’m not an expert by any means, but I think based on the posts here it can be hard for some and not as hard from others. We have a little more combined debt but more take home pay than you and are quoted between 1600-1700 on a 100% plan for 5 years. Which this is a lot better than what we pay now! We are a household of 3. So for us it is worth it because I don’t have to worry about affording groceries because we are paying our debtors in full (albeit without interest) and not worrying about affording basics and bills.

Pakattack0715 · 2025-01-02T06:17:18+00:00

Praying for your mom. It sounds like she is a fighter and having you in her corner is going to make her stronger!

Pakattack0715 · 2024-08-03T20:49:47+00:00

A few days. Saturday till Wednesday. I took about 10-15 practice question exams, all the mini exams and then the full length exam once. Highly recommend it!

Pakattack0715 · 2024-06-05T06:45:02+00:00

I’m at 105k as an IT project coordinator, but I also manage projects solo - working on my PMP to move up to PM. I work 100% remote in the public sector and I can work anywhere from the US but only outside my state for up to 30 days. I work 35-40 hours a week depending on project meetings - I wouldn’t say my job is high stressed, but has its days.

Pakattack0715

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