By The Honorable William Houston Brown (Retired)
Good faith in plan proposal. Plan was proposed in good faith, although petition was filed only 21 days after purchase of vehicle, when plan adequately protected creditor against risk of depreciation. Opinion reviews good faith factors for plan proposal. In re Sharp, 608 B.R. 546 (Bankr. D. Kan. 2019). Compare In re Broder, 607 B.R. 774 (Bankr. D. Maine 2019) (Retention of luxury boat while proposing to pay only 14% to unsecured creditors, along with other schedule issues, was evidence of bad faith, preventing confirmation.).
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