By Lawrence R. Ahern, III, Brown & Ahern (Nashville, TN) Part VI Two Things Debtors Should Know About the Small Business Reorganization Act of 2019 (SBRA), Including a Primer on Chapter 11 Confirmation Introduction This series focuses on four bankruptcy-related bills that were enacted during the 116th Congress and signed into law on August 23, 2019.1 One bill, the Small...
What Happens in the Plan Stays in the Plan – Part 2
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By Mark C. Leffler,1 Boleman Law Firm
click here for part I
The recent case of In re Formaneck, 534 B.R. 29 (Bankr. D.Colo. 2015), is a vivid example of the risk every Chapter 13 debtor takes when they propose to pay their post-petition mortgage payment directly. After faithfully paying their plan payment to the trustee for 58 months, the debtors’ case was dismissed because they had failed . . .
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