Plymouth Park Tax Services, LLC v. Bowers (In Re Bowers)

OPINION

McKEAGUE, Circuit Judge.

Plymouth Park appeals the Bankruptcy Court’s Order which held that under Ohio law, the interest rate a Chapter 13 debtor must pay under his plan during the pen- dency of a bankruptcy proceeding to a tax certificate holder is the “certificate rate of interest” shown on the face of the tax certificate. Plymouth Park alleges that the appropriate interest rate is 18%, as provided in Ohio Revised Code (“O.R.C.”) § 5721.38 (2010), instead of 0.25%, the rate provided in the tax certificate. This is an issue of first impression for this Circuit. For the reasons set…