Change in the distribution of the Chapter 13 Trustee's Annual Reports of Receipts and Disbursements

Beginning January 1, 2016, the Trustee's office changed the timing for the preparation and mailing of Annual Reports of Receipts and Disbursements. Annual reports will be mailed based on the anniversary month of the Chapter 13 bankruptcy case filing. For example, the bankruptcy case was filed in the month of May, the annual report will cover the 12-month period beginning May 1st and ending April 30th. If the case was filed in the month of October, the annual report will cover the 12-month period October 1st through September 30th.

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Posted by General in Annual Report Of Receipts And Disbursements

Most Recent

Trustee Percentage

May 01, 2017 by General

Effective May 1, 2017, the Trustee fee is 4.9%.

Change in the interest rate paid on secured personal property claims provided for in the Chapter 13 Plan

March 21, 2017 by General

Paragraph 4(D) of the uniform Chapter 13 Plan provides that the interest rate shall be the U.S. prime rate plus a risk factor of 2.0%.  For cases confirmed on or after March 16, 2017, the interest rate paid on secured personal property claims provided for in the Chapter 13 Plan is 6.00%.

2016 Federal Income Tax Return and Tax Refund

February 02, 2017 by General

Debtors filing Chapter 13 bankruptcy may be required to provide their 2016 federal income tax return to the Chapter 13 Trustee’s office and turnover all or a portion of their federal income tax refund.  Debtors may want to review the terms of the Confirmation Order signed by the Bankruptcy Judge and/or contact their attorney to discuss the requirements.

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