- 11 U.S.C.
In re Nguyen
Apr
02
2012
Ruling
Confirmation of nonconsensual plan denied where balloon payment violated requirement for equal monthly payments.
Procedural posture
A creditor objected to the confirmation of a chapter 13 debtor's plan, asserting that 11 U.S.C.S. § 1325(a)(5)(B)(iii)(I)'s requirement for equal monthly payments necessarily precluded payment of its secured claim through a balloon payment as provided in the plan.
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Court
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