In determining the appropriate “present value” factor to be added to the payment of a secured claim in a Chapter 12, the Court should look at the “riskless” treasury rate rather than the “prime rate” before enhancing it with a risk factor. (Ebinger) Farm Credit Services of America v. Topp, 2022 WL 2981590 (S.D. Iowa, July 19, 2022) Case Summary...
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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