Negotiating Plan Confirmation with Secured Creditors – Issues Involving Balloon Payments and Other Mortgage Loans Subject to Modification Under § 1322(c) – Part 1 of 3

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By David Cox,1 Cox Law Group, PLLC (Lynchburg, VA)

  1. Some Basics about Secured Claim Treatment in Chapter 13
    1. What is a Secured Claim under § 506(a)?
      1. Secured by a lien on property of the debtor’s bankruptcy estate.
      2. Some value in the property to which the lien may attach.
      3. Must be secured by property that is property of the debtor’s bankruptcy estate.
    2. Treatment of Secured Claims
      1. § 1322 . . .

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