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 (e.g. 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 to Read more…

Ronald Page Named to Legal Elite for 5th Year

RICHMOND, VIRGINIA. Ronald Page with the law firm of Ronald Page, PLC has been listed for the 5th year among the “Legal Elite″ in the practice area of bankruptcy according to the December issue of Virginia Business. “I am humbled to be selected by Virginia Business for the 5th year in a row,” said Ronald Page. “It is an honor to be included on a list, which in my estimation, includes the finest bankruptcy attorneys Read more…

Ronald Page Listed 10th Time to Super Lawyers

RICHMOND, VIRGINIA. Ronald Page with the law firm of Ronald Page, PLC, has been listed for the tenth year as a “Virginia Super Lawyer″ in the practice area of bankruptcy according to the recent edition of Super Lawyers® Magazine published May 2023. Ronald Page is one of only 36 attorneys selected as a bankruptcy “Virginia Super Lawyer.” “I am humbled to be selected by Super Lawyers for the tenth time,” said Ronald Page. “It is Read more…

Ronald Page Named to Legal Elite for 4th Year

RICHMOND, VIRGINIA. Ronald Page with the law firm of Ronald Page, PLC has been listed for the 4th year among the “Legal Elite″ in the practice area of bankruptcy according to the December issue of Virginia Business. “I am humbled to be selected by Virginia Business for the 4th year in a row,” said Ronald Page. “It is an honor to be included on a list, which in my estimation, includes the finest bankruptcy attorneys Read more…

Ronald Page Listed for 9th Time to Super Lawyers

RICHMOND, VIRGINIA. Ronald Page with the law firm of Ronald Page, PLC, has been listed for the ninth year as a “Virginia Super Lawyer″ in the practice area of bankruptcy according to the recent edition of Super Lawyers® Magazine published May 2022. Ronald Page is one of only 45 attorneys selected as a bankruptcy “Virginia Super Lawyer.” “I am humbled to be selected by Super Lawyers for the ninth time,” said Ronald Page. “It is Read more…

Incurring Student Loan Debt While in Chapter 13

In chapter 13, you are not permitted to borrow or use any other form of credit (exceeding a cumulative total of $5,000) unless you have permission from the bankruptcy court. The Eastern District of Virginia Bankruptcy Court standard chapter 13 plan contains the following provision located at paragraph 11: “Incurrence of indebtedness. The debtor(s) shall not voluntarily incur additional indebtedness exceeding the cumulative total of $5,000 principal amount during the term of this Plan, whether Read more…