Effective with cases filed on or after December 1, 2017, creditors will have only 70 days from the petition date within which to file proofs of claims (not 90 days from the 341 date). In addition, the bar date will apply to secured creditors as well as unsecured creditors. Read on for more information.
This short post contains a link to an article entitled “You Already Have an Ethical Obligation to be Technologically Competent.”
A reminder to register if you would like to attend a free training session on the new rules and forms.
It’s time to learn about the new federal and local bankruptcy rules and forms that will be effective for cases filed on or after December 1, 2017. I’m offering free training for attorneys and staff in Ashland, Corbin, Covington, Pikeville, and Lexington. Continue reading for the schedule and to register for one of the sessions.
Plan payments in the EDKY must be made by payroll deduction unless otherwise ordered by the court or agreed to by the trustee. Many debtors’ attorneys are inadvertently causing their clients to get behind in plan payments because the attorneys and their staff don’t know the rules. Keep reading for important reminders regarding payroll deduction orders and plan payments.
The prime interest rate increased to 4.25% on June 15, 2017. Click here for an earlier post on the topic of interest rates on secured claims, especially in the EDKY.
NOTE: THIS IS A CORRECTED VERSION. Bankruptcy practitioners need to know about recent changes in Kentucky law affecting: (1) a creditor’s right to prejudgment interest; and (2) the statutory rate of postjudgment interest.