Section 511 - Rate of Interests on Tax Claims
Title 11 of the United States Code - Bankruptcy
CREDITORS, THE DEBTOR, AND THE ESTATE – CHAPTER 5
Rate of Interests on Tax Claims - Section 511
11 USCS § 511
(a) If any provision of this title requires the payment of interest on a tax claim or on an administrative expense tax, or the payment of interest to enable a creditor to receive the present value of the allowed amount of a tax claim, the rate of interest shall be the rate determined under applicable nonbankruptcy law.
(b) In the case of taxes paid under a confirmed plan under this title, the rate of interest shall be determined as of the calendar month in which the plan is confirmed.
Listen up, Socal! Sagaria Law serves the bankruptcy needs of San Diego and North San Diego counties in our Carlsbad bankruptcy firm. Spread the word to any of your friends and family that are looking for relief from their debt. Call today!