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

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By Kelly Barton
December 22, 2017 Category: General

The new national form plan will be mandatory in all cases filed on or after December 1, 2017. Relative thereto, new Administrative Orders were posted by the Bankruptcy Court on October 31, 2017 and may be accessed at www.ohnb.uscourts.gov/judges-info/administrative-orders. A form confirmation order is expected to be posted in the near future. General Order No. 17-1, has also been posted by the Bankruptcy Court relative to service of Chapter 13 Plans as of December 1, 2017.

By General
December 20, 2017 Category: Interest Rate Paid On Secured Personal Property Claims Provided For In The Chapter 13 Plan

Chapter 13 Plans effective April 15, 2013 through November 30, 2017 Paragraph (D) of the Chapter 13 plan for cases filed from April 15, 2013 through November 30, 2017, provides that the interest rate shall be: the U.S. prime rate shown in the Wall Street Journal for Money Rates as of the date of the entry of the confirmation order, plus a risk factor of 2%. Chapter 13 Plans effective December 1, 2017 Pursuant to Administrative Order No. 17-2 (Order Adopting a Common Formula for a Presumptive Interest Rate in Chapter 13 Cases for claims secured by a security interest in Debtors Personal Property), the applicable prime rate shall be the U.S. prime rate shown in the Wall Street Journal for Money Rates at the time of confirmation.

By General
November 17, 2017 Category: Trustee Percentage

Effective October 1, 2017, the Trustee percentage fee is 5.2%.

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