- 11 U.S.C.
In re Sneijder
Jul
02
2009
Ruling
Debtor's surrender of real property in satisfaction of debt was subject to creditor's potential deficiency claim.
Procedural posture
The debtor moved to expunge a secured creditor's proof of claim, where the debtor proposed to surrender the collateral real property in full satisfaction of the loan under her plan proposed under 11 U.S.C.S. § 1325(a)(5)(C). A proposed foreclosure sale for the property to be surrendered was not scheduled for another 90 days.
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Court
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