News
Author: General
New Prime Rate effective December 19, 2018
Effective December 19, 2018, the new Prime Rate is 5.50%, which means the presumptive rate per Administrative Order 17-02 is now 7.50%. For cases that are confirmed on or after December 19, 2018 and reference Administrative Order 17-02 for personal property secured claims, the rate to use is increased from 7.25% to 7.50%.
National Form Plan to be used in Cleveland beginning December 1, 2017
The new national form plan will be mandatory in all cases filed on or after December 1, 2017. Relative thereto, new Administrative Orders were posted by the Bankruptcy Court on October 31, 2017 and may be accessed at www.ohnb.uscourts.gov/judges-info/administrative-orders. A form confirmation order is expected to be posted in the near future. General Order No. 17-1, has also been posted by the Bankruptcy Court relative to service of Chapter 13 Plans as of December 1, 2017.
Employer Payroll Address List for use in Wage Order preparation
The Trustees office has compiled a list of the payroll department addresses for various large employers in this area. Large employers with a regional or national presence commonly handle wage orders at a single processing location within the company. Please reference the payroll address list by clicking here or by going to the Librarytab, then clicking on the Plan Payments section of this website to ensure you are using the correct payroll address.
Change in the distribution of the Chapter 13 Trustee's Annual Reports of Receipts and Disbursements
Beginning January 1, 2016, the Trustees 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.
For Attorneys Sending Documents to the Trustee
Debtor attorneys must use the Trustees 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 Trustees office so that an invitation may be sent to you. You must use the invitation email for registering. You cannot register through the Trustees website.
Base and Unsecured Base
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.
Online Payment Method
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 cashiers 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.
Authorization for Electronic Funds Transfer
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.
