How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask cfortunato Your Own Question
cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
14232603
Type Your Bankruptcy Law Question Here...
cfortunato is online now
A new question is answered every 9 seconds

I filed for Chapter 13. I have made two payments to the U.S.

This answer was rated:

I filed for Chapter 13. I have made two payments to the U.S. Trustee under my proposed plan. The Plan has not been confirmed as of yet and the Creditor's Committee Hearing is scheduled in two weeks. I want to voluntraily dismiss my Chapter 13 which the Trustee says he will not oppose. What happens to the two payments I have already made?
Hi JACustomer,
If a plan is not confirmed for any reason - including a voluntary dismissal - the payments already submitted to the Bankruptcy trustee must be returned to the debtor, minus any amounts the trustee already paid to creditors, and minus any administrative expenses. Bankruptcy Stat. 1326(2).

I think this is what you wanted to know. If not, please let me know.
Thank you!
cfortunato and other Bankruptcy Law Specialists are ready to help you