Administering Chapter 13 bankruptcy cases filed in the United States Bankruptcy Court for the Northern District of Ohio - Eastern Division (Cleveland), comprising Cuyahoga, Geauga, Lake and Lorain Counties

News - Month: March 2020

Month: March 2020

New Prime Rate as of March 17, 2020

By General
March 17, 2020 Category: General

Effective March 17, 2020, the new Prime Rate is 3.25%, which means the presumptive rate per Administrative Order 17-02 is now 5.25%. For cases that are confirmed on or after March 17, 2020 and reference Administrative Order 17-02 for personal property secured claims, the rate to use is decreased from 6.75% to 5.25%.

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