The Chapter 13 Interest Rate Committee has met and recommended that the presumptive interest rate in chapter 13 cases be decreased from 6.25% to 5.75%. The Court has considered and adopted this recommendation. The presumptive interest rate in chapter 13 cases to be applied to secured claims will become 5.75% effective for cases filed on or after January 9, 2020. Operating Order 20-01 adopting the new interest rate is available here. The Court thanks the members of the Chapter 13 Interest Rate Committee for their work and recommendation.
Wed, 01/08/2020 - 11:23am