The Trustee’s Fee and Plan Feasibility
When you are calculating what it takes to make a plan feasible, you have to know how to account for the trustee’s percentage fee.
Month: June 2016
Interest Rate on Secured IRS Claims
The interest rate on secured IRS claims increased to 4%, effective with cases confirmed on or after April 1, 2016.
Extending the Automatic Stay
Debtor was in a chapter 13 case but couldn’t make plan payments. Case got dismissed. Debtor files a second case within a year. How is the automatic stay affected?
Substitution of Counsel (Debtors’ Attorneys)
You agree to the $3,500 “no-look” fee. Sometime before confirmation, you and your client part ways, and you do an agreed order of substitution with the debtor’s new attorney. Who is supposed to be paid, and how much?
“Surrender” Without Delivery?
Surrender of Collateral Without Delivery?: Can a debtor “surrender” collateral – and cause a secured claim to be treated as unsecured – without physically delivering the collateral to the creditor (or making the collateral available to the creditor)?
