Why is the money I am required to give my trustee every month held in an account?

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Why is the money I am required to give my trustee every month held in an account?Why is the money I am required to give my trustee every month held in an account?

I was told by my trustee that the money is held in an account until I am discharged.  At that time, the money that has accumulated will then be dispersed among my creditors.  This sounds a bit strange to me, and I just wanted to be sure this is correct.

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Yes, that generally is correct.

In the case where there is a considerable amount of money in the file and inspectors are appointed, the inspectors can authorize payment of dividends to creditors.

– Trustee

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