By Michael J. McCormick, Esq., McCalla Raymer Leibert Pierce, LLC (Roswell, GA) Introduction In the prior articles (i.e., Escrow 101 Part 1, Escrow 101 Part 2, and Escrow 101 Part 3), I outlined the proper steps in conducting an escrow analysis, as well as some of the mortgage servicer’s obligations and options for having a borrower cure an escrow shortage...
Critical Case Comment: In re Munoz
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By Henry E. Hildebrand, III, Chapter 13 Trustee for the Middle District of Tennessee
In re Munoz, 459 B.R. 621 (Bankr. S.D. Tex., June 21, 2011) (Schmidt)
A creditor that asserted a secured claim in a Chapter 13 case which was subsequently dismissed is estopped from asserting that its claim was an executory contract in a subsequent Chapter 13 case.
Case Summary
The Debtors’ first Chapter 13 plan proposed to treat the claim of MHR as a secured claim. MHR filed a proof of claim as a secured creditor and the plan . . .
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