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In re Braswell

In re Braswell

Ruling
Confirmation denied due to lack of accommodation for the time value of money in payment of unsecured creditors.
Procedural posture

Petitioner debtor filed an amended chapter 13 plan of reorganization. Pursuant to 11 U.S.C.S. § 1325, respondent trustee objected to confirmation of the debtor's amended plan on a number of grounds, most notably on grounds of lack of good faith and the failure to provide interest to unsecured claimants in the debtor's 100% plan. The court held a confirmation hearing and issued its ruling.

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Consumer opinion summary, case decided on June 27, 2013 , LexisNexis #0813-101