Critical Case Comment – In re Picht, 396 B.R. 76 (Bankr. D. Kan. 2008) (Berger)

In re Picht, 396 B.R. 76 (Bankr. D. Kan. 2008) (Berger)

Completion of a Chapter 13 plan can result in the “strip off” of an undersecured, modifiable lien on the debtors’ home even where the debtors will not receive a discharge.

Summary of the Case

The debtors obtained a SBA loan to finance a small business and pledged all of the business equipment, fixtures, inventories, and other assets. In addition, they personally guaranteed the debt and . . .

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