28 October 2024 – Page 196

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Post published:28 October 2024
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The new borrower relied on In re Gregory, 705 F

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Post published:28 October 2024
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The new borrower relied on In re Gregory, 705 F

Significantly, a long lasting obligations incorporated the program under point 1322(b)(5) cannot launch the debt just like the debtor finishes the program. 11 You.S.C. 1328(a)(1).

The brand new Eleventh Routine informed me you to definitely given that debtor chose never to target the mortgage within her plan, [o]bligations addressed in this way are ruled from the preexisting contractual terminology, not by the any supply of your package. The brand new most apparent end as Eleventh Routine said are that the financial are maybe not delivered to by the package in addition to financial obligation was not discharged by the bankruptcy proceeding.

2d 1118 (9th Cir. 1983), an incident decided before Rake, where the Ninth Routine stored you to definitely a personal bankruptcy bundle one to provide[d] for -0- commission to help you unsecured creditors still discharged your debt. (more…)

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Post published:28 October 2024
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