In re McBride
Jan
09
2006
Ruling
Creditor's deficiency claim was disallowed since the creditor did not reserve a right of relief from potential deficiency.
Procedural posture
A bankruptcy debtor's chapter 13 plan was confirmed and provided for monthly payments to a creditor whose debt was secured by the debtor's vehicle but, upon the debtor's failure to make the plan payments, the creditor repossessed and sold the vehicle. The creditor submitted an amended claim for deficiency, and the debtor moved to disallow the claim.
ABI Membership is required to access the full summary of In re McBride Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: