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.
Tag: Secured Claims
New EDKY Plan; New No-Look Fee Effective With Cases Filed On or After 12/1/21
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.
Secured Claims in a Chapter 13 Plan in the EDKY
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.
Delinquent Property Taxes and the EDKY Chapter 13 Plan
Where should fully secured delinquent property tax claims be listed in the new chapter 13 plan form? Debtors’ attorneys and attorneys representing mortgage creditors need to make sure these claims are listed in the plan in such a way as to ensure they are paid in full. Read on.
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.
What To Do With Insurance Proceeds When a Car Securing a Claim Being Paid Through the Plan Is Damaged or Destroyed
What do you do when there are insurance proceeds payable on the loss of a car that secures a claim being paid through the plan?
Interest Rate on Secured IRS Claims
The interest rate on secured IRS claims increased to 4%, effective with cases confirmed on or after April 1, 2016.
“Surrender” Without Delivery?
Surrender of Collateral Without Delivery?: Can a debtor “surrender” collateral – and cause a secured claim to be treated as unsecured – without physically delivering the collateral to the creditor (or making the collateral available to the creditor)?
Chapter 13 Trustee, EDKY: Trustee's Blog 