Legal News for Credit Union Managers Since 1990

Archive for February, 2010

06
Feb
2010

Chapter 13 Mortgage Arrearage

In this old Bankruptcy Code case, U.S. Supreme Court held that a Chapter 13 debtor must pay interest toward the arrearages owing on an oversecured residential mortgage. In this case, debtors’ Chapter 13 plan proposed to repay all future payments due on the mortgage note and cure the default on the mortgage by paying off the arrearage […]

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