- 11 U.S.C.
DaimlerChrysler Fin. Serv. Ams. LLC v. Brown (In re Brown)
Mar
27
2006
Ruling
Debtors were directed to modify their plans since the creditors'claims on debtors'personal vehicles were deemed allowed secured claims to be paid at their present value.
Procedural posture
Three debtors purchased vehicles for personal use within 910 days before filing a chapter 13 bankruptcy petition. Creditors filed objections to confirmation based on 11 U.S.C. § 1325 contending that they, as secured creditors, must be paid the present value of their claims and that the debtors'plan did not comply.
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Court
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