The Chapter 13 Interest Rate Committee has met and recommended a decrease to the presumptive interest rate in chapter 13 cases. After consideration, the Court has adopted the recommendation of the committee. The presumptive interest rate in chapter 13 cases to be applied to secured claims will become 5.25%, effective for cases filed on or after January 18, 2021. Operating Order 21-01 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.
Friday, January 8, 2021