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August 2014 Archives

Interest rate on Rochester Chapter 13 Cases with unexempt assets is now "Till" rate

When he establishes a principle of law he intends to follow in future cases he prefers to spread the word informally. One such 'edict' (the judge's own word) was issued August 18, 2014, on the issue of the appropriate interest rate to be paid to creditors when the debtor holds unexempt assets. Departing from the practice of his predecessor, Judge Warren will now require the "Till" rate, rather than the New York State judgment rate of 9%.

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