- 11 U.S.C.
In re Clardy
Jun
12
2007
Ruling
Second mortgage partially secured by equity was not subject to modification in plan.
Procedural posture
Debtors filed a petition under chapter 13 and a proposed plan for paying their creditors. A corporation that held a second mortgage on the debtors'residence opposed the debtors'motion for confirmation of their plan. The case was tried by the court.
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Court
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