In re Turkowitch
Nov
16
2006
Ruling
Surrender of vehicles satisfied secured claims in full, including deficiency balance.
Procedural posture
Chapter 13 bankruptcy debtors proposed plans which provided for the surrender of vehicles to creditors secured by the vehicles in full satisfaction of their debts to the creditors under 11 U.S.C. § 1325(a). The creditors objected to confirmation of the debtors'plans on the ground that the hanging paragraph at the end of section 1325(a) did not preclude allowance of unsecured claims for deficiency balances.
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Court
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