Common Contracts

EMPLOYER DIRECT DEPOSIT AGREEMENT

Employer Direct Deposit Agreement • November 13th, 2022 • New York

• Contract Type
  Employer Direct Deposit Agreement
• Filed
  November 13th, 2022
• Jurisdiction
  New York

WHEREAS, TFS is in the business of, among other things, (a) providing services to debtors (each, a “Debtor”) in bankruptcy under Chapter 13 of U.S. Bankruptcy Code (Title 11 of the United States Code) (“Chapter 13”), including facilitating Chapter 13 payments by or on behalf of Debtors to the respective trustees administering Debtors’ Chapter 13 cases (each, a “Trustee”), and (b) providing services to employers who employ one or more Debtors (each, an “Employee Debtor”) and who are subject to Court orders requiring them to remit a portion of such Employee Debtor’s wages to a Trustee in satisfaction of Chapter 13 payments to be made by such Employee Debtor (“Wage Payments”);