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In re Alvarez

In re Alvarez

Ruling
Debtor could not cram down value of entireties property owned with non-debtor spouse.
Procedural posture

Debtor filed a petition under chapter 13 of the Bankruptcy Code and proposed to cramdown the value of property he owned as a tenant by the entireties with his non-debtor spouse and to pay a secured debt he owed to a bank national association ("bank") through his chapter 13 plan. The debtor asked the court to determine the value of the property and the status of the bank's lien. The court held a hearing on the debtor's motion.

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Consumer opinion summary, case decided on April 24, 2012 , LexisNexis #0512-046