The U.S. Bankruptcy Code also allows individual debtors who meet certain financial criteria to adopt extended time payment plans for the payment of debts. An individual debtor on a regular income may submit a plan for installment payment of outstanding debts. This is called a Chapter 13 Plan. This plan must be confirmed by the court. Once it is confirmed, debts are paid in the manner specified in the plan. After all payments called for by the plan are made, the debtor is given a discharge. The plan is, in effect, a budget of the debtor's future income with respect to outstanding debts. The plan must provide for the eventual payment in full of all claims entitled to priority under the Bankruptcy Code. The plan will be confirmed if it is submitted in good faith and is in the best interest of the creditors.
A Chapter 13 plan must provide for the submission of all or such portion of future earnings or other future income of the debtor to the supervision and control of the trustee as is necessary for the execution of the plan. After the confirmation of a Chapter 13 plan, the court may exercise its discretion and order any entity from whom the debtor receives income to pay all or part of such income to the trustee.
A Philadelphia Pennsylvania Order Requiring Debtor's Employer to Remit Deductions from a Debtor's Income to Trustee is a legal court order issued in Philadelphia, Pennsylvania, which mandates an employer to withhold and transfer specific deductions from a debtor's income to the trustee appointed in a bankruptcy case. This order is aimed at enforcing payment towards the debtor's outstanding debts and ensuring the orderly distribution of funds to creditors. In Philadelphia, there are different types of orders that can be issued to compel an employer to remit deductions from a debtor's income to the trustee. Some of these variations may include: 1. Wage Garnishment Order: This type of order requires the employer to withhold a specific portion of the debtor's wages from each paycheck and forward it directly to the trustee. The amount deducted is typically determined based on the debtor's disposable income and the terms outlined in the bankruptcy filing. 2. Child Support Order: If a debtor owes outstanding child support payments, a separate order may be issued specifically addressing the remittance of these deductions to the trustee. This ensures that any owed child support obligations are paid directly from the debtor's income before any other creditors receive their share. 3. Tax Withholding Order: In cases where a debtor owes outstanding taxes, the court may issue an order to the employer mandating the withholding of a certain amount from the debtor's income to cover these tax obligations. These deductions are then remitted to the trustee for distribution among the relevant tax authorities. 4. Spousal Support Order: Similarly to child support orders, if the debtor has unpaid spousal support obligations, a separate order can be issued to ensure these deductions are made from the debtor's income and submitted to the trustee for appropriate distribution. 5. Lien Enforcement Order: In situations where the debtor is subject to a property lien, the court may issue an order requiring the employer to remit a specific portion of the debtor's income to the trustee, which will then be used to satisfy the lien against the debtor's property. These variations in Philadelphia's orders requiring debtor's employers to remit deductions from a debtor's income to the trustee cater to the specific nature of the debtor's outstanding debts, ensuring that the appropriate payments are deducted and disbursed accordingly.A Philadelphia Pennsylvania Order Requiring Debtor's Employer to Remit Deductions from a Debtor's Income to Trustee is a legal court order issued in Philadelphia, Pennsylvania, which mandates an employer to withhold and transfer specific deductions from a debtor's income to the trustee appointed in a bankruptcy case. This order is aimed at enforcing payment towards the debtor's outstanding debts and ensuring the orderly distribution of funds to creditors. In Philadelphia, there are different types of orders that can be issued to compel an employer to remit deductions from a debtor's income to the trustee. Some of these variations may include: 1. Wage Garnishment Order: This type of order requires the employer to withhold a specific portion of the debtor's wages from each paycheck and forward it directly to the trustee. The amount deducted is typically determined based on the debtor's disposable income and the terms outlined in the bankruptcy filing. 2. Child Support Order: If a debtor owes outstanding child support payments, a separate order may be issued specifically addressing the remittance of these deductions to the trustee. This ensures that any owed child support obligations are paid directly from the debtor's income before any other creditors receive their share. 3. Tax Withholding Order: In cases where a debtor owes outstanding taxes, the court may issue an order to the employer mandating the withholding of a certain amount from the debtor's income to cover these tax obligations. These deductions are then remitted to the trustee for distribution among the relevant tax authorities. 4. Spousal Support Order: Similarly to child support orders, if the debtor has unpaid spousal support obligations, a separate order can be issued to ensure these deductions are made from the debtor's income and submitted to the trustee for appropriate distribution. 5. Lien Enforcement Order: In situations where the debtor is subject to a property lien, the court may issue an order requiring the employer to remit a specific portion of the debtor's income to the trustee, which will then be used to satisfy the lien against the debtor's property. These variations in Philadelphia's orders requiring debtor's employers to remit deductions from a debtor's income to the trustee cater to the specific nature of the debtor's outstanding debts, ensuring that the appropriate payments are deducted and disbursed accordingly.
