In re Petrocci
Jun
20
2007
Ruling
Hanging paragraph applied to creditors holding purchase money security interests.
Procedural posture
Under consideration by the court were three contested matters resulting from three separate objections to the Chapter 13 Plans of debtors in the three cases treated in the decision. The objecting secured creditors objected to debtor's plans on the ground that those plans did not provide for the payment in full of the creditors'claims mandated by the so-called "hanging paragraph" of 11 U.S.C. § 1325(a)(9).
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Court
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