Kentucky Bankruptcy Law

Counsel with Care

Making Chapter 13 Plan Payments in the E.D. Ky. – New Online Payment Option

This will add a much appreciated and helpful payment option so that clients do not have to be concerned about checks through the mail. I do receive inquiries by clients from time to time where they are concerned that a check they mailed had not yet cleared the bank.

Chapter 13 Trustee, EDKY: Trustee's Blog

Debtors can now make their chapter 13 plan payments in EDKY online (for a fee) through www.TFSbillpay.com (“TFS”).  Debtors’ attorneys, here is what you need to know about this new service.

First, payment by payroll deduction is still required by KYEB-LBR 3070-1, unless otherwise ordered by the court or agreed to by the trustee.

I generally agree to waive the payroll deduction requirement for debtors who:  do not receive regular income from wages; have seasonal employment; work part-time and don’t earn enough to cover the plan payment; or change jobs often.

Even if a debtor is making regular plan payments by payroll deduction, payments for tax refunds, bonuses, other lump-sum payments, or to catch up delinquent plan payments will not be made by payroll deduction.

In all of those instances, debtors might prefer to make online payment via TFS rather than paying by check, money order, or ACH bank draft. …

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October 31, 2016 - Posted by | Uncategorized

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