WHAT HAPPENS WHEN I HAVE COMPLETED MY BANKRUPTCY?

1.	YOU WILL RECEIVE A LETTER IN THE MAIL CONGRATULATING YOUR COMPLETION OF THE CHAPTER 13 BANKRUPTCY.  WITHIN THE LETTER, THERE WILL BE INFORMATION AS TO WHERE AND WHEN YOUR NEXT MORTGAGE PAYMENT IS TO BE SENT, IF APPLICABLE TO YOUR CASE.

2.	THE TRUSTEE WILL PREPARE AND FILE WITH THE US BANKRUPTCY COURT THE PAPERWORK TO STOP THE WAGE WITHHOLDING FROM YOUR CHECK.  TRUSTEE AIKMAN WILL MAIL A LETTER TO YOUR EMPLOYER TO INFOMR THEM YOU RPLAN PAYMENTS ARE COMPLETE AND STOP DEDUCTION OF WAGES.

3.	IF THE TRUSTEE RECEIVES ANY PAYMENTS AFTER THE COMPLETION OF THE CASE, THESE WILL BE REFUNDED TO YOU AT THE NEXT SCHEDULED DISBURSEMENT- TRUSTEE AIKMAN MAKES DISBURSEMENTS DURING THE THIRD WEEK OF THE MONTH.

4.	ALL OF THE FINAL PAYMENTS WILL BE MADE ON YOUR CASE AT THE NEXT MONTHLY DISBURSEMENT. 

5.	IF YOU FEEL YOUR BANKRUPTCY SHOULD BE COMPLETED AND YOU HAVE NOT RECEIVED ANY INFORMATION FROM THE TRUSTEE STATING YOU ARE DONE, THEN PLEASE CALL YOUR ATTORNEY.	

6.	ONCE ALL THE CREDITORS HAVE DEPOSITED AND THE DISBURSEMENT CHECKS HAVE CLEARED THE BANK, OUR OFFICE WILL FILE THE FINAL REPORT WITH THE COURT.  PLEASE REALIZE THAT IT TAKES A MINIMUM OF 90 DAYS TO HAVE ALL CHECKS CLEAR THE BANK AND CLOSE YOUR BANKRUPTCY CASE AND THAT A FINAL REPORT WILL NOT BE FILED UNTIL AFTER THAT TIME.

Refinancing Your Existing Mortgage

1.	If you have been contacted by a Mortgage Refinance Lender and you would like to refinance your existing mortgage, please call your attorney!

2.	You are not allowed to incur (take out or apply for) any new loans, without Court and/or Trustee approval.  This also includes the refinancing of your house.

3.	The Trustee will approve a refinance only if the following conditions are met:
•	All current mortgages will be paid in full by the refinance loan.
•	The Chapter 13 Bankruptcy will be paid in full.
•	The Trustee must see a copy of the HUD-1 (settlement) worksheet.

4.	In order to obtain a payoff on your Chapter 13 Bankruptcy, our office will need to receive a written request SIGNED BY YOU by mail or fax.  Either you or the lender with can fax or mail the request YOUR Trustee.

5.	It will take about 1 TO 2 weeks in order for the Trustee to process and send your payoff.

6.	If you are attempting to refinance the mortgage only and not pay off your bankruptcy or if the Trustee refuses to approve your refinancing, you will need approval from the Court.  This is obtained by contacting your attorney and having them file correct documents with Court.

7.	Please see our procedures on refinancing mortgages within the memo on the following page.  A copy of this will be sent to your lender at the time of the payoff request.

Payoff Requests

1.	All Payoff requests must be in writing.  We will NOT give out any payoffs over the phone.  This is for YOUR protection.

2.	It takes 10 business days in order to audit your case and calculate your payoff.

3.	Please remember that you are REQUIRED to pay all your creditors- including unsecured creditors- if you pay off your bankruptcy within the first 36 months.

4.	We ask that your limit your payoff requests to only those times when you have a viable way to payoff your Bankruptcy.

5.	Remember, you are able to get an update on your case at either our website at:  www. 13NETWORK.com or by requesting a Status Report, which can be sent to you within the day.