In re Pajot
Jul
17
2007
Ruling
Hanging paragraph allowed debtor to bifurcate portion of secured debt that did not represent a purchase money security interest.
Procedural posture
A secured creditor in each of four chapter 13 cases objected to confirmation of the debtors'proposed chapter 13 plans, alleging that the plans attempted to bifurcate the relevant secured creditor's claim into an unsecured and a secured portion, contrary to 11 U.S.C. § 1325(a) (hanging paragraph referencing paragraph 5).
ABI Membership is required to access the full summary of In re Pajot Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: