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 37526).
Author: Charles R. Harroun, Attorney at Law
This entry was posted
on Tuesday, February 15th, 2011 at 4:33 am and is filed under Bankruptcy, Mortgages, Secured Loans.
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