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Chapter 13 - Surrendering Property - 1st Mortgage
Wholely secured for calculating debt limits under 109 and plan percentage.
On Tue, Jun 15, 2010 at 4:04 PM, brandspellman wrote:
>
>
> Hello all,
>
> I am confusing myself today. Quick question:
>
> Chapter 13. Surrendering property. 1st mortgage. For purposes of
> calculating unsecured debt both for 109(e) purposes and for plan-percentage
> purposes:
>
> Do we list the claim as being wholly secured? Or do we bifurcate the
> secured/unsecured portion of the lien?
>
> Thanks,
>
> Donny Brand
> Brand & Spellman PC
> 3836 E Anaheim St
> Long Beach, CA 90804
> Tel: (562) 438-7500
> Fax: (562) 438-8500
>
>
>
Best Regards,
Christine A. Wilton
Principal Attorney
Greifendorff Law Offices
333 City Boulevard West, 17th Floor
Orange, CA 92686
Office: 800-861-0786
Cell: 562-824-7563
Fax: 714-938-3255
Email: attorneychristine@gmail.com
Web: www.greifenlaw.com
Blog: www.losangelesbankruptcylawmonitor.com
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Wholely secured for calculating debt limits under 109 and plan percentage.
On Tue, Jun 15, 2010 at 4:04 PM, brandspellman <brandspellman@yahoo.com> wrote:
Hello all, I am confusing myself today. Quick question:Chapter 13. Surrendering property. 1st mortgage. For purposes of calculating unsecured debt both for 109(e) purposes and for plan-percentage purposes:
Do we list the claim as being wholly secured? Or do we bifurcate the secured/unsecured portion of the lien?Thanks, Donny BrandBrand & Spellman PC3836 E Anaheim StLong Beach, CA 90804
Tel: (562) 438-7500Fax: (562) 438-8500
-- Best Regards,Christine A. WiltonPrincipal AttorneyGreifendorff Law Offices
333 City Boulevard West, 17th FloorOrange, CA 92686Office: 800-861-0786Cell: 562-824-7563Fax: 714-938-3255Email: attorneychristine@gmail.com
Web: www.greifenlaw.comBlog: www.lo
The post was migrated from Yahoo.
Hello all,
I am confusing myself today. Quick question:
Chapter 13. Surrendering property. 1st mortgage. For purposes of calculating unsecured debt both for 109(e) purposes and for plan-percentage purposes:
Do we list the claim as being wholly secured? Or do we bifurcate the secured/unsecured portion of the lien?
Thanks,
Donny Brand
Brand & Spellman PC
3836 E Anaheim St
Long Beach, CA 90804
Tel: (562) 438-7500
Fax: (562) 438-8500
The post was migrated from Yahoo.