- 11 U.S.C.
In re Soto
Feb
02
2009
Ruling
State "tax lien" securing non-tax claim did not entitle creditor to contract rate of interest.
Procedural posture
The debtor moved for confirmation of his proposed chapter 13 plan and creditor objected. The creditor, after paying the debtor's taxes, held a claim that was secured by a tax lien authorized under Tex. Prop. Code Ann. § 32.06. The plan proposed to pay the secured claim at the Till interest rate of seven percent. In its objection, the creditor contended that it was entitled to its contract rate of interest.
ABI Membership is required to access the full summary of In re Soto Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: