An “end date” is usually the month and year that you will be completed with your bankruptcy. If you know when your bankruptcy will be completed you have the option to choose the month and year that TFS is only authorized to debit payments from your bank account. If you are not sure of your end date […]
Category: Schedule Options
What is my due date?
Remember, TFS is only the online payment processor, not your Chapter 13 trustee or attorney. While you can use TFS to process your bankruptcy payments on our website, we ask you to provide your payment schedule to us. You will need to contact your attorney or trustee directly for information regarding your due date.
What is the difference between the automatic payment options and always manual payments?
When you select “Automatic Payment”, your payment will be drawn from your account monthly on a prescheduled day (or days), without any other action. TFS will send you reminders both one week prior to the payment being drawn, and the day prior, to ensure you know where your money is going. When you select “Always Manual”, […]
How should I schedule my payments?
Remember, TFS is only the online payment processor, not your Chapter 13 trustee or attorney. While you can use TFS to process your bankruptcy payments on our website, we require you to specify your payment schedule. If you are unsure of which option you are required to choose, you will need to contact your attorney or trustee directly […]
What is the “Always Manual Payments” schedule option?
By selecting this option, you are opting to always pay manually. No payments will be made automatically for you, and you will not be reminded of upcoming payments. In order to make a manual payment, you must first complete the enrollment process, and then click on “Make a manual payment.” No manual payments will be initiated […]
What is a Twice Monthly schedule?
By selecting “Twice Monthly” payments, you are agreeing to have partial plan payments come out of your bank account on two specific days each month. With “Twice Monthly” payments, you can make partial payments if your payroll is made on specific days each month (for example, the 1st and the 15th). Select the “Twice Monthly” […]
What is a weekly schedule?
By selecting “Weekly” payments, you are agreeing to have partial plan payments come out of your bank account every week. With “Weekly” payments, you can align your Chapter 13 plan payments with payroll checks that arrive weekly. Select the “Weekly” payment option if you would like to make partial payments every week. Your account will […]
What is a bi-weekly schedule?
By selecting “Biweekly” payments, you are agreeing to have partial plan payments come out of your bank account every other week. With “Biweekly” payments, you can align your Chapter 13 plan payments with payroll checks that arrive in your bank account every other week. Select the “Biweekly” payment option if you would like to make […]
What is the “Monthly / On a Particular Day” Schedule?
By selecting “Monthly / On a Particular Day” payments, you are agreeing to select either the specific date your payments will be initiated each month, or the particular day of the week you want payments to start. With “Monthly / On a Particular Day” payments, you can control the date TFS will initiate your monthly plan […]