Paragraph 4(D) of the uniform Chapter 13 Plan provides that the interest rate shall be the U.S. prime rate plus a risk factor of 2.0%. For cases confirmed on or after March 16, 2017, the interest rate paid on secured personal property claims provided for in the Chapter 13 Plan is 6.00%.
Debtors filing Chapter 13 bankruptcy may be required to provide their 2016 federal income tax return to the Chapter 13 Trustee’s office and turnover all or a portion of their federal income tax refund. Debtors may want to review the terms of the Confirmation Order signed by the Bankruptcy Judge and/or contact their attorney to discuss the requirements.
Beginning January 1, 2016, the Trustee's office changed the timing for the preparation and mailing of Annual Reports of Receipts and Disbursements. Annual reports will be mailed based on the anniversary month of the Chapter 13 bankruptcy case filing. For example, the bankruptcy case was filed in the month of May, the annual report will cover the 12-month period beginning May 1st and ending April 30th. If the case was filed in the month of October, the annual report will cover the 12-month period October 1st through September 30th.
The Bankruptcy Judges for the Northern District of Ohio, Eastern Division (Cleveland) entered the "Third Amended Administrative Order No. 09-02," which changes the administration of conduit mortgages in Chapter 13 cases. The new Order eliminates the need for debtors to submit an Authorization to Release Information to the Trustee. Creditors will no longer need to submit the Addendum to Chapter 13 Proof of Claim and the 12-month summary of activity on the loan. A copy of the "Third Amended Administrative Order No. 09-02" is available in the Library section of this website. Click on Conduit Mortgage Payments. Additionally, a link to the Bankruptcy Court's website can be found under the Links section.
Debtor attorneys must use the Trustee's secure Document Delivery Portal for sending case documents and correspondence related to those documents to the Trustee. If you have not yet registered for the Document Delivery Portal, please contact the Trustee's office so that an invitation may be sent to you. You must use the invitation email for registering. You cannot register through the Trustee's website.
When reviewing Chapter 13 bankruptcy case information on the NDC (National Data Center) website, debtors, creditors and attorneys will see Base or Unsecured Base information. These fields are used by the Trustee to track the amount to be paid to creditors during the term of the bankruptcy case.
Debtors may make their plan payments electronically. This online payment method known as "ePay" is available through this website and replaces the need for personal checks, money orders or cashier's checks. Payments are directed by the debtor from his/her bank checking or savings account to the Chapter 13 Trustee in the amount and frequency determined by the debtor. If you are interested in taking advantage of this payment option, please click on the ePay button located on the homepage of this website.
Creditors may receive their monthly disbursements via an electronic funds transfer (EFT) instead of a check through the mail. Chapter 13 attorneys may also take advantage of EFT for receiving their allowed attorney fees. To sign up for electronic disbursements, click on the Electronic Funds Transfer button located on the home page of this website.