Notice To Creditor Of Application For Trusteeship

NOTICE TO CREDITOR OF APPLICATION FOR TRUSTEE-SHIP, IN ACCORDANCE WITH SECTION 2329.70 R.C. This form is used to notify creditors that a debtor has applied for a trusteeship under Ohio Revised Code Section 2329.70. The form informs the creditor that the debtor has filed for trusteeship and provided a sworn statement listing their unsecured creditors, including the amounts owed and the debtor’s personal earnings. This application is typically part of a process where the debtor agrees to pay a portion of their earnings to a trustee, who will then distribute the payments to creditors. The form notifies the creditor of the debtor’s plan to make regular payments from their non-exempt personal earnings to the trustee in order to pay off unsecured debts. The creditor is required to file a claim with the trustee within 10 days to participate in the distribution of funds. The form also mentions that as long as the debtor makes regular payments to the trustee, no further collection actions (such as garnishments or attachments) will be taken against the debtor’s earnings for the creditor's claim. www.FormsWorkflow.com