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Chapter 13 Trustee, EDKY: Trustee's Blog

Practice Tips for Chapter 13 Bankruptcy Attorneys in the Eastern District of Kentucky, by Beverly M. Burden, Trustee

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Category: interest rate

August 8, 2022 interest rate / Local Rules and Forms / Practice Tips / Secured Claims / Tax Issues

Update: Interest Rates; Debt Limits for Eligibility

Interest rates on secured claims have increased again; debt limits for chapter 13 eligibility changed effective June 21, 2022. Read on for details.

May 13, 2022 interest rate / Practice Tips

Updates – Interest Rates, Dollar Amounts, Etc.

Interest rates, dollar amounts in the Bankruptcy Code, and means test data have all changed recently. Also, the CARES Act authorizing plans to be extended due to Covid has expired. Read on for details.

April 1, 2020 COVID-19 / interest rate / Plan Payments / Practice Tips

341’s via Videoconferencing; Stopping ACH Plan Payments; Prime Rate of Interest

Section 341 meetings will be conducted via Zoom. Prime interest rate is 3.25%. ACH bank drafts can be stopped on written request. Read on for details.

January 10, 2020 claims / Co-signed Debts / Federal Bankruptcy Rules and Forms / interest rate / Secured Claims / Seminars

RECENT DEVELOPMENTS

This post lists a few recent developments: 2019 changes to the Bankruptcy Code and Rules; some local opinions of note; and an update on interest rates.  More detailed posts on some of these topics will be published in the coming weeks.

October 16, 2018 Feasibility / interest rate / Plan Payments

Increases in Prime Rate of Interest and in EDKY Trustee’s Fee

Read a quick update on increases in the prime rate of interest and in my percentage fee.

August 25, 2017 interest rate

Prime Rate Increase

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.

July 27, 2017 claims / interest rate / Kentucky law

Recent Changes in Kentucky Law Affecting Prejudgment and Postjudgment Interest (revised)

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.

July 27, 2017 claims / interest rate / Kentucky law

Recent Changes in Kentucky Law Affecting Prejudgment and 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.

March 17, 2017 interest rate / Secured Claims / Tax Issues

Interest Rates on Secured Claims in Chapter 13 Cases in the EDKY

The prime rate of interest increased a quarter of a point to 4% effective March 16, 2017. Read on for information on how this affects chapter 13 plans in the EDKY, and what other interest rates are applicable to secured claims.

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  • Update: Interest Rates; Debt Limits for Eligibility August 8, 2022
  • Options for EDKY Chapter 13 Debtors Impacted by the Recent Eastern Kentucky Floods August 8, 2022

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