- 11 U.S.C.
In re May
Nov
12
2010
Ruling
Debtors could not deduct mortgage payments on stripped lien in projected disposable income calculation.
Procedural posture
A trustee objected to confirmation of the chapter 13 debtors' plan pursuant to 11 U.S.C.S. § 1325(b)(1)(B) on the basis that it did not dedicate all of the debtors' disposable income to unsecured creditors. The trustee contended that the debtors could not deduct the mortgage payments on a stripped lien to arrive at their projected disposable income.
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Court
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