- 11 U.S.C.
In re Eaton
Apr
05
2011
Ruling
Above-median debtors' 47-month plan rejected as 60-month period was required.
Procedural posture
Debtors filed a joint petition under Chapter 13 of the Bankruptcy Code and proposed a plan for repaying their creditors that required them to make payments of $500 per month to the Chapter 13 trustee for 47 months and paid their unsecured creditors one percent of what they were owed. The Chapter 13 trustee filed an objection under 11 U.S.C.S. § 1325(b)(1)(B) to confirmation of the debtors' plan.
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Court
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