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