- 11 U.S.C.
In re Jerath Hospitality LLC
Dec
18
2012
Ruling
Bankruptcy Code language requiring "regular payments" under plan did not preclude balloon payments.
Procedural posture
Chapter 11 debtor submitted its proposed plan for confirmation. The proposed plan would pay the obligation owing to the state department of revenue's claim amortized over forty-eight monthly installments with a lump sum payment due prior to the sixtieth month following the petition date. The department of revenue filed an objection to the plan.
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Court
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