In re Luton
Mar
08
2007
Ruling
Confirmation denied due to commitment period of less than three years.
Procedural posture
Chapter 13 trustee filed an objection to confirmation of the plan proposed by debtor. The issue was whether the term "applicable commitment period" in 11 U.S.C. § 1325(b) referred to the required duration of a chapter 13 plan, or whether the term was the multiplier used to calculate the minimum amount the debtor must pay to unsecured creditors to obtain a discharge.
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Court
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