CHAPTER 13 PAYMENT OPTIONS

PAYMENT ADDRESS
THOMAS POWERS, CHAPTER 13 TRUSTEE
P.O. BOX 1958
MEMPHIS, TN 38101-1958

PLAN PAYMENTS PRIOR TO CONFIRMATION
UNTIL YOUR BANKRUPTCY PLAN IS CONFIRMED BY THE COURT OR YOUR EMPLOYER HAS SUBMITTING YOUR MONTHLY PAYMENT UNDER A WAGE DIRECTIVE, PLAN PAYMENTS CAN BE MADE DIRECTLY BY THE DEBTOR THROUGH THREE PAYMENT OPTIONS:

  • MONEY ORDER – please include your name and case number on the Money Order
  • CASHIER’S CHECK – please include your name and case number on the Cashier’s Check
  • TFS BILL PAY – (electronic payment option)

PLEASE NOTE THAT PERSONAL OR BUSINESS CHECKS ARE NOT ACCEPTED FOR PLAN PAYMENTS.

PLAN PAYMENTS AFTER CONFIRMATION OF THE PLAN
ONCE YOUR PLAN IS CONFIRMED BY THE BANKRUPTCY COURT, THE DEBTOR WILL MAKE PLAN PAYMENTS UNDER ONE OF THE FOLLOWING METHODS:

  1. WAGE DIRECTIVE – FOR SALARY OR HOURLY EMPLOYEES

    A DEBTOR WHO IS AN HOURLY OR SALARIED EMPLOYEE AND IS REGULARLY PAID AN AMOUNT EACH MONTH THAT EXCEEDS THEIR PLAN PAYMENT (AFTER TAXES AND OTHER DEDUCTIONS) IS REQUIRED TO SUBMIT A WAGE DIRECTIVE.

    THE COMPLETED WAGE DIRECTIVE FORM MUST BE PROVIDED TO THE TRUSTEE BEFORE OR AT THE TIME OF THEIR MEETING OF CREDITORS (341 HEARING). EMPLOYER PAYROLL DEDUCTIONS NORMALLY BEGIN IN THE THIRD MONTH OF YOUR PLAN.

  2. WAGE DIRECTIVE FORM

  3. PAYMENT OPTIONS FOR NON-SALARY OR HOURLY WAGE DEBTORS

    A DEBTOR WHO IS NOT A SALARIED OR WAGE EMPLOYEE REQUIRED TO MAKE PAYMENTS UNDER A WAGE DIRECTIVE (i.e. IRS-1099, SELF-EMPLOYED, UNEMPLOYED OR RETIRED CLASSIFICATION) MAY CHOOSE THE FOLLOWING PAYMENT METHODS:

    MONEY ORDER OR CASHIER’S CHECK

    DEBTORS MAY MAIL A MONEY ORDER OR CASHIER’S CHECKS, PAYABLE TO THE STANDING CHAPTER 13 TRUSTEE, TO THE TRUSTEE’S PAYMENT ADDRESS. FUNDS MUST BE RECEIVED AT THE TRUSTEE’S BANK BY THE DEBTOR’S MONTHLY PAYMENT DATE. PLEASE INCLUDE YOUR NAME AND CASE NUMBER ON THE CASHIERS CHECK OR MONEY ORDER.

    AUTOMATED CLEARING HOUSE (ACH) NETWORK

    ELECTRONIC PAYMENT TRANSFERS FROM THE DEBTOR’S FINANCIAL INSTITUTION TO THE TRUSTEE’S BANK THROUGH THE AUTOMATED CLEARING HOUSE (“ACH”) NETWORK.

    DEBTORS WILL COMPLETE AND SUBMIT THE ACH AUTHORIZATION AGREEMENT AND CHOOSE TO HAVE THEIR MONTHLY PAYMENT DRAFTED ON THE 5TH OR 20TH DAY OF THE MONTH.

    THE ACH AUTHORIZATION FORM AND A VOIDED CHECK OR SAVINGS DEPOSIT SLIP MUST BE PROVIDED TO THE TRUSTEE AT OR BEFORE THE 341 HEARING.

    ACH FORM

    TFS BILL PAY

    TFS BILL ALLOWS DEBTORS TO MAKE PLAN PAYMENTS THROUGH A SECURED ELECTRONIC PORTAL USING FUNDS IN YOUR CHECKING OR SAVINGS ACCOUNT. TFS BILL PAY IS A SAFE, VERIFIABLE AND EXPEDITED PAYMENT OPTION WHICH IS PERFECT TO USE IN THE FOLLOWING SITUATIONS:
    i. TO MAKE YOUR FIRST 2-3 PLAN PAYMENTS UNTIL YOUR WAGE DIRECTIVE GOES INTO EFFECT;
    ii. TO MAKE PLAN PAYMENTS WHEN YOU ARE IN BETWEEN JOBS (BUT YOU MUST SUBMIT A WAGE DIRECTIVE FORM ONCE YOU START A NEW JOB)
    iii. TO MAKE CATCH-UP PAYMENTS TO BRING YOUR CASE CURRENT
    iv. TO MAKE INTERLOCUTORY ORDER (I/O) PAYMENTS, OR
    v. TO MAKE NON-PLAN PAYMENTS TO THE TRUSTEE, SUCH AS AN IRS REFUND OR OTHER PROCEEDS.
    INFORMATION ON TFS BILL PAY IS AVAILABLE AT WWW.TFSBILLPAY.COM OR BY CLICKING ON THE ATTACHED TFS INFORMATION LINK. PLEASE NOTE THAT THERE IS A FEE ASSOCIATED EACH TIME YOU MAKE A TFS BILL PAYMENT.

    Click here for TFS Information

    EMERGENCY PAYMENT OF FUNDS (MOTIONS TO DISMISS)

    TFS – MoneyGram offers the fastest and most efficient method to make a last minute payment to your Chapter 13 bankruptcy plan if there is a Motion to Dismiss for deficient funds. With TFS MoneyGram, you can walk into more than 39,000 MoneyGram locations across the country, including Walmart and CVS, to make your Chapter 13 payment. To learn more about MoneyGram and how to use this payment method for your Chapter 13 payments, please click on the MoneyGram section in the following TFS Information site.

    Click here for TFS Information