December 2012 – COTD

December 13, 2012
Unmarried debtor with CMI greater than applicable median family income is allowed operating expenses for two cars over 10 years...
December 12, 2012
Separate classification of student loan for 64% payment “outside” plan unfairly discriminates when general unsecured creditors would receive 1% and...
December 11, 2012
Second lien was not wholly unsecured and could not be voided because, after eliminating distressed property sales, the competing appraisals...
December 10, 2012
Separate classification of continuing payment of long-term student loan “outside” plan unfairly discriminates when student loan creditor will receive 21%...
December 7, 2012
Confirmed plan treating mortgage as secured precluded trustee’s avoidance action based on postconfirmation discovery of possible title defect.
December 6, 2012
Claim objection sustained because assignment of credit card accounts did not include prepetition judgment. Under Pennsylvania law, “it is well...
December 5, 2012
Applicable commitment period is determined as of effective date of the plan; stepchildren resulting from remarriage after petition but before...
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