Just one more question if I may?
A: You mean two more, right?
I was at 100 percent before I paid the inheritance then why did I have to give our inheritance?
A: Postpetition inheritance vested within six months of filing is the property of the bankruptcy estate. Bankr. Code
541(a)(5)(A). You had, and you still have, the option to ask the court to modify the plan, in consideration of the additional funds, which would pay off some of your debts, and thereby lower your payments. The trustee
is just sitting on the money, because he can't distribute it, as it's not in the plan to do so (presumably). The other question is whether you expect they will raise our plan payment because of the decrease in our house payment. We have been told that the inheritance should allow us to pay off about 16 months early.
A: I think that the trustee doesn't want to modify the plan, because that costs him time and money in court. So, he's going to fudge the system, and leave everything as is, until that 16 month date comes round. Then he will probably tell you to stop paying, and he will make the remaining payments from the inheritance, so it looks like you are paying according to the plan.
Ordinarily, you cannot pay off a Chapter 13 early. The plan must run its course.
Hope this helps.