News & Updates
Beverly’s Blog
Practice tips, rule changes, and news for attorneys, creditors, and debtors in Chapter 13 cases in the Eastern District of Kentucky.
Latest Post
Register Now for the UK Consumer Bankruptcy Law Conference, August 6-7, 2026 in Lexington
The 18th Biennial UK Consumer Bankruptcy Law Conference will be held on August 6-7, 2026 at the Campbell House Hotel, Lexington, Kentucky. This seminar is a must for bankruptcy practitioners in the Eastern and Western Districts…
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· Attorneys' Fees
Miscellaneous – Rules, Forms, and Other Information
Prime rate is 7.5% as of December 18, 2024. New, so-called “restyled” Federal Rules of Bankruptcy Procedure became effective on December 1, 2024. Virtually every bankruptcy rule has been rewritten. Some subparts of the rules have…
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· interest rate
Interest Rate Changes Affecting Treatment of Secured Claims in Chapter 13 Cases
Interest rates on secured claims have increased (again) since my last post . Prime Interest Rate : As you know, the “Till” interest rate on secured claims being paid through the plan is the prime rate of interest plus a risk…
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· interest rate
Update: Interest Rates; Debt Limits for Eligibility
WSJ Prime Rate: The WSJ prime rate of interest has increased twice since my last post in May: June 15, 2022: 4.75% July 27, 2022: 5.50% In the EDKY, secured claims that have not been specifically provided for in the plan are…
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· interest rate
Updates – Interest Rates, Dollar Amounts, Etc.
Geez, I haven’t posted anything in the last 5 months, so I’ve got some catchin’ up to do! Interest rates, the dollar amounts for various provisions in the Bankruptcy Code, and means test data have all recently changed. Also, the…
Read More· COVID-19
341’s via Videoconferencing; Stopping ACH Plan Payments; Prime Rate of Interest
Zoom 341’s: Starting April 15, all chapter 13 section 341 meetings of creditors will be conducted using the Zoom videoconferencing service. I have just begun to file notices of continued creditor meetings, but PLEASE give me a…
Read More· claims
RECENT DEVELOPMENTS
Much has happened since my last post. It will take time for me to catch up, but in the meantime here is a list of a few “recent” developments. I’ll write about several of these (and other topics) in more detail in the weeks to…
Read More· Feasibility
Increases in Prime Rate of Interest and in EDKY Trustee’s Fee
On September 27, 2018, the prime rate of interest increased to 5.25%. On October 1, 2018, my percentage fee increased to 7.1%. If you are calculating how much a debtor must pay in order to adequately fund a plan, you need to add…
Read More· interest rate
Prime Rate Increase
The prime rate of interest 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.
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Recent Changes in Kentucky Law Affecting Prejudgment and Postjudgment Interest (revised)
Bankruptcy practitioners need to know about recent changes in Kentucky law affecting: (1) a creditor’s right to prejudgment interest; and (2) the statutory rate of postjudgment interest. Prejudgment Interest : Common scenario…
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Read This First
The purpose of this blog is to provide timely practice tips to attorneys representing debtors and creditors in chapter 13 bankruptcy cases in the Eastern District of Kentucky. These posts represent my thoughts and opinions and do not constitute legal advice, nor should they be considered a substitute for legal research.
As the trustee in the EDKY, I reserve the right to take a contrary position in any particular case depending on the facts of that case, and I reserve the right to argue an interpretation of the law that may differ from that set forth in any post. I also reserve the right to change my mind at any time for any reason.
— Beverly M. Burden, Chapter 13 Trustee, Eastern District of Kentucky
