Negotiating Plan Confirmation with Secured Creditors - Issues Involving Balloon Payments and Other Mortgage Loans Subject to Modification Under § 1322(c)

Negotiating Plan Confirmation with Secured Creditors – Issues Involving Balloon Payments and Other Mortgage Loans Subject to Modification Under § 1322(c) – Part 2 of 3

By David Cox,1 Cox Law Group, PLLC (Lynchburg, VA)

II. Dealing With Balloon, Short Term and Related Mortgage Secured Claims Under §§ 1322(c)(2) And 1325(a)(5).

§ 1322(c)(2) provides that:
“Notwithstanding subsection (b)(2) and applicable nonbankruptcy law . . .

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