By Robert (Bob) Schuman, Owner/Managing Broker, Network Financial Group Is it 2008 again? For us in the mortgage industry, we woke up this week feeling as if during the night, we were transported back to 2008 when the mortgage industry basically collapsed. Then, Fannie Mae, Freddie Mac, and the FHA were the exceptions. As of March 25, 2020, like everything...
Critical Case Comment
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By Henry E. Hildebrand, III, Chapter 13 Trustee for the Middle District of Tennessee
Covert v. LVNV Funding LLC, 2015 WL 877133 (4th Cir. March 3, 2015): Confirmation of a Chapter 13 plan constitutes a final order with res judicata effect, precluding litigation related to claims filed prior to confirmation.
Case Summary
In these consolidated cases, a number of debtors had filed Chapter 13 petitions in 2008. Each of their Chapter 13 plans had been confirmed and each had a number of claims filed by LVNV Funding, LLC (and others).
In March of 2013 . . .
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