Sep
19
2012
- 11 U.S.C.
Ruling:
Claim disallowed where debtor did not receive reasonable value for debt incurred.
Procedural posture:
Debtor filed a petition under chapter 13 of the Bankruptcy Code, and a lender filed a claim against the debtor's bankruptcy estate. The debtor filed an objection to the lender's claim.
Issue:
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Consumer case opionion summary, case decided on September 19,2012, LexisNexis #1212-078