By Ed Boltz, The Law Offices of John T. Orcutt, P.C. (Durham, NC) and Sarah Beth Withers, Inner Banks Legal Services (Washington, NC) DISCLAIMER: This article is not meant to provide specific advice about the formation of a 501(c)(3) non-profit corporation or the tax or other consequences of such. At most, this is intended to encourage Chapter 13 trustees and...
Critical Case Comment – In re Michael, 2010 WL 2902720 (M.D. Pa. July 23, 2010) (France)
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In re Michael, 2010 WL 2902720 (M.D. Pa. July 23, 2010) (France)
Funds in the hands of a Chapter 13 trustee at the time the debtor converts to Chapter 7, which have been paid pursuant to a confirmed plan, must be returned to the debtor.
Summary of the Case
The debtor’s Chapter 13 plan was confirmed requiring payments of $277 per month for 53 months. The plan would pay three creditors: GMAC Mortgage which held . . .
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