If the debtor filed a petition between Dec. 1 and Dec. 10, 2017, then as of the date of this post, the creditors’ bar date has passed. Creditors, if you didn’t file a proof of claim in those cases, it’s too late. Debtors attorneys, do you know when you may file claims on behalf of creditors? Read on.
This post includes a little bit of information on several topics:
– last week’s increase in the prime rate of interest;
– bar dates in cases that convert to chapter 13;
– estimating trustee’s fees in the plan;
– problems with 522(f) lien avoidance calculations in the plan.
Amended Rule 3007, effective December 1, 2017, will impose stricter notice and service requirements for objecting to claims. Continue reading to learn about the new rules governing claim objections.
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.
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.
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.
The U.S. Supreme Court recently held that a creditor does not violate the FDCPA by filing a proof of claim for a debt that is past the statute of limitations. What do practitioners in Kentucky need to know about statutes of limitations on credit card debts before filing or objecting to claims?