Michigan Chapter 13 Payroll Order is a court-ordered payment system used to distribute income from an employer to a debtor’s creditors in a Chapter 13 bankruptcy. The debtor’s employer automatically deducts the amount of money designated by the court each pay period, and deposits it into a special account. This money is then distributed to creditors according to the payment plan outlined in the debtor’s Chapter 13 bankruptcy. There are two types of Michigan Chapter 13 Payroll Orders: Reconfirmation Payroll Deductions and Post-Confirmation Payroll Deductions. Reconfirmation Payroll Deductions are ordered before the debtor’s Chapter 13 bankruptcy is approved by the court and are typically used to pay attorney’s fees, court costs, and other administrative expenses. Post-Confirmation Payroll Deductions are ordered after the debtor’s Chapter 13 bankruptcy has been approved by the court and are used to pay creditors according to the payment plan outlined in the debtor’s Chapter 13 bankruptcy.
Michigan Chapter 13 Payroll Order is a court-ordered payment system used to distribute income from an employer to a debtor’s creditors in a Chapter 13 bankruptcy. The debtor’s employer automatically deducts the amount of money designated by the court each pay period, and deposits it into a special account. This money is then distributed to creditors according to the payment plan outlined in the debtor’s Chapter 13 bankruptcy. There are two types of Michigan Chapter 13 Payroll Orders: Reconfirmation Payroll Deductions and Post-Confirmation Payroll Deductions. Reconfirmation Payroll Deductions are ordered before the debtor’s Chapter 13 bankruptcy is approved by the court and are typically used to pay attorney’s fees, court costs, and other administrative expenses. Post-Confirmation Payroll Deductions are ordered after the debtor’s Chapter 13 bankruptcy has been approved by the court and are used to pay creditors according to the payment plan outlined in the debtor’s Chapter 13 bankruptcy.
