By William Houston Brown, Adviser, Academy for Consumer Bankruptcy Education, Inc. and Lawrence R. Ahern, III, Brown and Ahern (Nashville, TN) In two February opinions, the Supreme Court addressed issues that appear in bankruptcy cases, one dealing with a common practice of entering nunc pro tunc orders and the other affecting determination of property rights under state law. In a...
When Chapter 13 Plan Hits Trouble (Published at ConsiderChapter13.org on 12/20/10. First published by the Bankruptcy Law Network on 12/11/10)
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By Cathy Moran
Have the wheels come off your Chapter 13 plan?
All is not necessarily lost if you find you can’t make the monthly payment in a confirmed Chapter 13 case. There are several options to letting the case get dismissed for non-payment.
Plan modification
The Bankruptcy Code allows a debtor to modify the terms of a plan or even to apply for a discharge without completing the promised payments.
One of the strengths of Chapter 13 is its flexibility. While requiring the debtor to make payments from . . .
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