Legal News for Credit Union Managers Since 1990

Archive for February, 2011

15
Feb
2011

Mortgage Arrearage Interest Denied

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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