Remove 2019 11
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Solvent Debtors Must pay the Contractual Post-Petition Interest Rate on Unimpaired Claims

ABI

the United States Court of Appeals for the Ninth Circuit held that solvent-debtors are required to pay unimpaired creditors their bargained for post-petition interest rate. [1] 1] In January 2019, PG&E Corp. filed for chapter 11 bankruptcy due to the potential liabilities they were facing following the California wildfires. [2]

Debtor 40
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U.S. Student loan debt statistics you should know in 2023

Credit Corp

The following are some consequences of going into default: The entirety of the loan and the interest is due immediately You lose the ability to obtain additional federal student aid It will harm your credit score The state with the highest borrower delinquency rate, `per the Federal Reserve of New York, is Maryland at a rate of 11 percent.

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How Can I Stop Student Loans from Taking My Taxes?

Credit Corp

He filed his 2019 federal income tax return in March 2020 and received an $1,100 federal income tax refund. And the amount you owe continues to accrue interest: In April 2020, Bill’s delinquent loan balance stood at $1,200. With interest and fees, his balance grew to $1,350 by January 2021. Get Started with TaxAct.

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SURVIVING FINANCIAL DISTRESS FROM COVID-19 IN THE RESTAURANT, BAR, AND SERVICE INDUSTRY

BN Lawyers

It can make the difference between being able to work out an arrangement with a landlord or equipment lessors and needing to file for a chapter 11 bankruptcy to save your business. Although minimum payments may result in accrued interest, that is better than a lockout or eviction. Chapter 11 of the U.S. It is a lose-lose.