Property Flippers Beware!

By Harry R. Cash, Grant Konvalinka & Harrison (Chattanooga, TN)

The one-year redemption period just got extended by 60-days for a debtor filing Chapter 13. The United States Bankruptcy Court for the Eastern District of Tennessee determined that the 60-day tolling provision in 11 U.S.C. § 108(b) is available to Chapter 13 debtors exercising the rights and powers of a trustee, just as it applies in Chapter 11 cases and is available to Chapter 11 debtors in possession. In In Re Cherilyn Etta Bryant, No. 15-bk-12367-NWW, Cherilyn Etta . . .

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