In re Pryor
May
12
2006
Ruling
Confirmation of amended plan was denied since plan modified payment stream and thus triggered present value requirement of section 1325(a)(5)(B)(ii).
Procedural posture
Creditor, which financed the debtor's vehicle and held a security interest in the vehicle, filed an objection to confirmation of the debtor's amended chapter 13 plan. The narrow question before the court was whether the interest rate payable on the secured claim was capped at the contract rate.
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Court
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