Legal News for Credit Union Managers Since 1990

Archive for June, 2010

21
Jun
2010

Mortgage Arrearage Interest

A Texas Bankruptcy Court previously held that a debtor in a Chapter 13 bankruptcy case does not need to pay interest on the arrearage owing unless the contractual language in the mortgage provided for interest in the event of unpaid arrearages and the filing of bankruptcy. See In re Sanchez (Bkrtcy. E.D. Texas, Judge Sharp WL […]

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