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Category: Change In The Interest Rate Paid On Secured Personal Property Claims Provided For In The Chapter 13 Plan

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%.

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