Presumptive Interest Rate

 

Presumptive Interest Rate for Secured Creditors' Claims Paid in Installments

For Chapter 13 cases filed on or after March 1, 2009, Judge Ellington, and Judge Olack have agreed to a new presumptive rate of 7%, as outlined in a February 13, 2009, Memorandum from Chief Judge Ellington to Chapter 13 Trustees for the Southern District of Mississippi.

For Chapter 13 cases filed before March 1, 2009, the bankruptcy judges for the Southern District of Mississippi previously announced a presumptive rate of 9.5% consistent with an order issued by Judge David W. Houston on May 1, 2008.