Interest Rate Changes Affecting Treatment of Secured Claims in Chapter 13 Cases

February 8, 2023 interest rate / Secured Claims / Uncategorized

Read on for the latest applicable interest rates affecting the treatment of secured claims in a chapter 13 plan.

Update: Interest Rates; Debt Limits for Eligibility

August 8, 2022 interest rate / Local Rules and Forms / Practice Tips / Secured Claims / Tax Issues

Interest rates on secured claims have increased again; debt limits for chapter 13 eligibility changed effective June 21, 2022. Read on for details.

Updates – Interest Rates, Dollar Amounts, Etc.

May 13, 2022 interest rate / Practice Tips

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.

RECENT DEVELOPMENTS

January 10, 2020 claims / Co-signed Debts / Federal Bankruptcy Rules and Forms / interest rate / Secured Claims / Seminars

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

October 16, 2018 Feasibility / interest rate / Plan Payments

Read a quick update on increases in the prime rate of interest and in my percentage fee.

Prime Rate; Bar Dates; & Other New Plan-Related Topics

December 18, 2017 claims / Federal Bankruptcy Rules and Forms / Local Rules and Forms

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.

Prime Rate Increase

August 25, 2017 interest rate

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.

Interest Rates on Secured Claims in Chapter 13 Cases in the EDKY

March 17, 2017 interest rate / Secured Claims / Tax Issues

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.

Interest Rate on Secured IRS Claims

June 23, 2016 Secured Claims / Tax Issues

The interest rate on secured IRS claims increased to 4%, effective with cases confirmed on or after April 1, 2016.