surplus payments and length of bankruptcy

I met with a bankruptcy trustee who told me that my bankruptcy payment would be about $550 per month and that this would likely last for 21 months, not for the 9 months I expected (even though this is my first bankruptcy) The trustee never really gave a reason as to why. I make about $3000 per month take home, and owe about $80K. Do you think we should see a different trustee, or is this normal?

Posted on Monday, January 12, 2009 | Filed under: Bankruptcy
 posted by Questions @ 10:34 pm 1 Comment
1 Expert Comment:

 At January 15, 2009 | 3:56 pm , Barton Goth, Trustee in Bankruptcy Said...

This is likely based on your a combination of your income and the types of debt you have. It is very difficult to tell for sure, but often if you have considerable surplus the bankruptcy will be extended for a longer period of time. From the sounds of it the advice you have received was correct.

Please type your comment below:

You must be logged in to post a comment.