Interest Rate Changes Affecting Treatment of Secured Claims in Chapter 13 Cases
Read on for the latest applicable interest rates affecting the treatment of secured claims in a chapter 13 plan.
Practice Tips for Chapter 13 Bankruptcy Attorneys in the Eastern District of Kentucky, by Beverly M. Burden, Trustee
Read on for the latest applicable interest rates affecting the treatment of secured claims in a chapter 13 plan.
Interest rates on secured claims have increased again; debt limits for chapter 13 eligibility changed effective June 21, 2022. Read on for details.
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.
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.
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.
Read a quick update on increases in the prime rate of interest and in my percentage fee.
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.
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 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.