By David Cox,1 Cox Law Group, PLLC (Lynchburg, VA)
III. Providing for the Secured Mortgage Claim, as Modified.
- A. Does the requirement of § 1325(a)(5)(B)(iii) for equal monthly payments permit the Debtor to propose a balloon payment in the payment of the creditor’s claim?
- Equal Monthly Payments Required By § 1325(a)(5)(B)(iii) Does NOT Permit Debtor To Propose A Balloon Payment. This is the majority position.