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...
From the Editor – Postpetition Debt
Print This Article
Link to Post:
By The Honorable William Houston Brown (Retired)
Debtor not engaged in business nor self-employed were not required to obtain court’s permission to incur postpetition debt. The court found nothing in the Bankruptcy Code requiring a court’s authorization for a Chapter 13 debtor who is not engaged in business to incur postpetition debt or obtain credit. The Code only requires such authorization for debtors governed by § 1304. The debtors did not need court authorization to incur debt for the purchase of a vehicle to replace one destroyed in wreck. In re Fields
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below:
Related Articles
Claim Preclusion and the Opportunities for Mischief
Supreme Court Grants Certiorari in City of Chicago v. Fulton
From the Editor
Rescuing a Troubled Chapter 13: The Unseen Threat
How to Manage Incompetent, Unprepared, and Unreasonable Creditor Bankruptcy Counsel
Judicial Year in Review 2021: Revised Rules and Selected Cases – Part 1 Amended Rules
Critical Case Comment
Critical Case Comment – Debtor’s Counsel’s Fee Reduced to $48k
Rules, Means-Test Amounts and Miscellaneous Fees: Changes Wrap Up 2020
Escrow 102 – Part 1 of 4