The new chapter 13 plan form has been in use for a month. Some aspects of the form work well, but attorneys for debtors and for creditors need to be aware of common glitches and problems to watch for.
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.
MS Word versions of the following forms are available for download:
Chapter 13 Plan (12/1/17);
Order for Adequate Protection (12/1/17);
sample motion and order for adequate protection (optional, for use by creditors).
Here is a brief summary of the changes to federal and EDKY local rules and forms that become effective starting in cases filed Friday, December 1.
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.
It’s time to learn about the new federal and local bankruptcy rules and forms that will be effective for cases filed on or after December 1, 2017. I’m offering free training for attorneys and staff in Ashland, Corbin, Covington, Pikeville, and Lexington. Continue reading for the schedule and to register for one of the sessions.
The deadline for comments to proposed KYEB Local Rules and Forms is July 15. The ABI Midwest Regional Bankruptcy Seminar is offering discounted rates to consumer attorneys. And the ABI Consumer Commission wants input from practitioners. Read on for more details on these topics.