Till Rate of Interest in Chapter 13 Bankruptcy
In a Chapter 13 bankruptcy, the debtor can repay certain secured loans at the Till rate of interest instead of at the interest rate set in the contract (for example automotive loans, loans for the purchase of personal property, etc.). The Till rate of interest takes its name from the U.S. Supreme Court case of Till v. SCS Credit Corp., 541 U.S. 465 (2004), which affirmed that interest on certain secured claims in Chapter 13 was...
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