September 2012 – COTD

September 28, 2012
Although literal application of § 348(f)(1)(A) can be anomalous, when good faith is not at issue, prepetition tax refund spent...
September 27, 2012
Debtor ineligible for discharge because of § 1328(f) can strip off wholly unsecured lien on primary residence. “[T]he parties agree...
September 26, 2012
$3,684 is reasonable fee for “relatively uncomplicated” Chapter 13 case. “[W]e have recognized that the lodestar method is an appropriate...
September 25, 2012
“Fee-only” Chapter 13 plan is not per se bad faith. “We believe that the totality of the circumstances approach to...
September 24, 2012
Failure to “publically announce” postponement of foreclosure sale after Chapter 13 petition violated state law, and subsequent foreclosure was void;...
September 21, 2012
Mortgage that was not protected from modification may be treated under combination of §§ 1322(b)(2) and 1322(b)(5). After debt is...
September 20, 2012
$495,000 recovery from personal injury claim was substantial change in financial circumstances justifying trustee’s modification to pay unsecured claims in...
September 19, 2012
Confirmation of plan bound trustee and precluded objection to amended plan on ground that debtors had not correctly stated disposable...
September 18, 2012
On remand after Third Circuit held that escrow shortage was prepetition debt, Countrywide willfully violated automatic stay by attempting collection...
September 17, 2012
Failure to report or turn over inherited funds put debtor in contempt of confirmation order requirement to report new assets...
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