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.
Category: interest rate
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.
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.
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.
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.
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.
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.
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.
Chapter 13 Trustee, EDKY: Trustee's Blog 