In re Victorio
Jul
08
2011
Ruling
Confirmation of "chapter 20" debtors' plan denied due to failure to pay off junior lien or other unsecured creditors in full.
Procedural posture
Debtors filed a petition under Chapter 13 of the Bankruptcy Code, and proposed a plan for repaying their creditors that proposed to strip off a junior lien which a mortgage company held on the debtors' home. A trustee who was appointed to administer the debtor's plan filed an objection to confirmation of the plan.
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Court
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