Does the trustee keep the Debtor informed as to payment progress?
No coupons are issued for each payment due, nor are monthly statements sent, but twice a year a computerized statement is sent to the Debtor and Debtor’s attorney setting out how much money has been received and paid out under the plan. Each creditor’s running balance is set out so that the Debtor can follow his or her progress in satisfying the debts owed.
