The Trustee is offering debtors the ability to
have their plan payments deducted directly from their bank accounts with a
single monthly bank debit.
The debtors have the option of choosing either the
5th of the month or the 2nd, 3rd, or 4th
Friday of the month to have the funds transferred regardless of the regular
monthly date due.
The entire plan payment will be deducted in a
single transaction. This is designed to work for monthly payment debtors that
have a regular fixed source of income (such as SSN recipients.) Semi-monthly,
biweekly and weekly payers can participate, but all the funds will be taken in
a single transaction. Cases eligible for employment wage order deduction must
use a wage order for payment. Debtors who are paying direct but have irregular
income should not enroll If a payment is dishonored or
charged back by the bank, the debtors’ participation will be terminated and the
debtors will have to make the remaining payments with cashier’s checks or money
orders.
The debtors can voluntarily terminate
participation, but, once terminated, they cannot be reinstated to the program.
Click here for a more detailed explanation of the
rules. Debtor ACH debit available.
FORMS
Original Debit Authorization Minimum 10 days to process. Must get
original signed form.
Termination of
Debit Authorization Minimum 3
days to process. Original or fax.
Payment Change/Date Change
Authorization Minimum 3 days to
process. Original or fax.
Bank Change
Authorization Minimum 10 days to
process. Must get original signed form.