If after you have completed your chapter 13, what do funds on hands mean? 7 Answers as of May 19, 2017

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Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Those are funds that have not yet been dispersed by the trustee. If they are surplus funds they will be returned to you.
Answer Applies to: California
Replied: 5/19/2017
Ronald K. Nims LLC | Ronald K. Nims
It is money the trustee is still holding, if all the bills have been paid, the trustee will refund it to you.
Answer Applies to: Ohio
Replied: 5/17/2017
Stephens Gourley & Bywater | David A. Stephens
Those are generally funds in the trustee's account that are not necessary to complete the plan. They are usually, but not always, refunded to the Debtor.
Answer Applies to: Nevada
Replied: 5/16/2017
A Fresh Start
A Fresh Start | Dorothy G Bunce
Funds on hand refers to money left in your account with the trustee. Maybe a creditor moved or went out of business and did not cash their payment from the trustee. Maybe there was an accounting error when the plan was confirmed. Maybe the proof of claim was less than the amount estimated in the plan. Funds on hand means that if your claims have been paid, you may be eligible for refund.
Answer Applies to: Nevada
Replied: 5/16/2017
Garner Law Office
Garner Law Office | Daniel Garner
That refers to funds you paid to the chapter 13 trustee which were not distributed to your creditors.
Answer Applies to: Oregon
Replied: 5/16/2017
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