News & Updates
Beverly’s Blog
Practice tips, rule changes, and news for attorneys, creditors, and debtors in Chapter 13 cases in the Eastern District of Kentucky.
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Register Now for the UK Consumer Bankruptcy Law Conference, August 6-7, 2026 in Lexington
The 18th Biennial UK Consumer Bankruptcy Law Conference will be held on August 6-7, 2026 at the Campbell House Hotel, Lexington, Kentucky. This seminar is a must for bankruptcy practitioners in the Eastern and Western Districts…
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· Feasibility
A 60-Month Plan for Debtors With Below-Median Income: Why?
If a debtor has current monthly income that is below the median income level, they have an applicable commitment period (“ACP”) of 3 years, and the plan duration needs to be at least 36 months. What if a 36-month plan will not…
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Amending a Plan Before Confirmation to Change Plan Payments
Here’s the scenario: Debtor proposes a plan with payments in the amount of $100/month for 60 months. Plan is not feasible, and in month 4 of the plan debtor amends the plan to increase plan payments to $250/month. Here’s the…
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Increases in Prime Rate of Interest and in EDKY Trustee’s Fee
On September 27, 2018, the prime rate of interest increased to 5.25%. On October 1, 2018, my percentage fee increased to 7.1%. If you are calculating how much a debtor must pay in order to adequately fund a plan, you need to add…
Read More· Feasibility
The Trustee’s Fee and Plan Feasibility
When you are calculating what it takes to make a plan feasible, you have to know how to account for the trustee’s percentage fee. My office’s percentage fee (for now) is 6.8% of receipts . That means if a debtor’s plan payment is…
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The purpose of this blog is to provide timely practice tips to attorneys representing debtors and creditors in chapter 13 bankruptcy cases in the Eastern District of Kentucky. These posts represent my thoughts and opinions and do not constitute legal advice, nor should they be considered a substitute for legal research.
As the trustee in the EDKY, I reserve the right to take a contrary position in any particular case depending on the facts of that case, and I reserve the right to argue an interpretation of the law that may differ from that set forth in any post. I also reserve the right to change my mind at any time for any reason.
— Beverly M. Burden, Chapter 13 Trustee, Eastern District of Kentucky
