In re Johnson
Dec
19
2007
Ruling
Auto loan could not be modified under hanging paragraph except for portion representing negative equity.
Procedural posture
The debtors filed for relief under chapter 13 and submitted a proposed plan. A creditor that held a claim secured by the debtors'automobile objected to the proposed plan. The court held a hearing and issued findings of fact and conclusions of law.
ABI Membership is required to access the full summary of In re Johnson Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: