Interest rates on secured claims have increased again; debt limits for chapter 13 eligibility changed effective June 21, 2022. Read on for details.
The EDKY has a new chapter 13 plan form applicable to cases filed on or after Dec. 1, 2021. Read on for changes affecting secured claims and the no-look fee.
This post covers more changes in operations and procedures caused by the COVID-19 crisis: my office operations; stopping payments by payroll deduction order; and e-signing petitions. Read on.
Due to the present health and economic crises, we are making changes to the procedures and policies regarding motions to dismiss for nonpayment and probation orders in the EDKY. These changes will remain effective until further notice. Read on for more details.
The Local Form for the Chapter 13 Plan and other forms have been revised to show that the attorney’s full contact information must be listed with the attorney’s /s/ signature. Read on for more information and for links to revised Word forms.
Must the chapter 13 trustee pay a secured creditor listed in the plan if no proof of claim has been filed? The plan language is ambiguous, but a new nonstandard provision being added to plans in the EDKY will provide clarity. Read on for more information.
If you are using “quick fix” amendments to plans instead of filing complete amended plans to make changes before confirmation, read on for a new policy restricting the use of those abbreviated plan amendments.
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).