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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. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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