What Is A Chapter 13 Trustee’s Responsibility In Reviewing Motions To Approve A Loan Modification?

By Marie Ann Greenberg

In a number of jurisdictions, the Standing Trustee, and not the Court, is the party who reviews and approves, or disapproves, loan modification requests. Often a daunting task given the current economic climate. Under either scenario, however, the Standing Trustee will have to review the loan modification motion. In doing so, one must ask, what is the Trustee’s responsibility? Section 1302(b) of the Bankruptcy Code offers little guidance on the subject. Rather it paints broad strokes as to a trustee’s obligation. However, we can certainly read into it.

Putting aside obligations . . .

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Millions of ITINs Set to Expire in 2019; IRS Says Renew Early to Prevent Refund Delays

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Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the IRS continues to urge affected taxpayers to submit their renewal applications early to avoid refund delays next year. “We urge taxpayers with expiring ITINs to take action and renew the number as soon as possible. Renewing before the end of the...

From the Editor

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By Lawrence R. Ahern III, Brown & Ahern (Nashville, TN) Introduction Chapter 13 practitioners certainly do not need to be told that a lender with a mortgage1 on the debtor's principal residence has a special position in a Chapter 13 case. A chapter 13 plan may "modify the rights of holders of secured claims, other than a claim secured only...

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From the Editor – Claims

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