- 11 U.S.C.
In re Martin
Jan
26
2011
Ruling
Confirmation denied where plan dramatically decreased the principal and interest rate of mortgage and did not provide the creditor with payments over the life of the plan that totaled the present value of its allowed secured claim.
Procedural posture
The debtors filed a notice of proposed Chapter 13 plan. At issue was whether the plan complied with the requirements of 11 U.S.C.S. § 1325. No objections were filed.
ABI Membership is required to access the full summary of In re Martin Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: