- 11 U.S.C.
In re White
Sep
29
2006
Ruling
Plan that proposed retention of motor vehicle lien until payment of less than value of creditor's lien was not confirmable.
Procedural posture
Chapter 13 debtor proposed a plan that bifurcated a car loan into secured and unsecured portions, paid the secured portion of the debt based on the value of the vehicle with eight percent interest over the life of the plan, and included the remaining amounts due the creditor in the unsecured class. The creditor objected to confirmation. The court held a hearing on the objection.
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Court
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