Read a quick update on increases in the prime rate of interest and in my percentage fee.
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.
When you are calculating what it takes to make a plan feasible, you have to know how to account for the trustee’s percentage fee.