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Early exit from pay-collateral-value-in-5y c13 plan
Listmates,
Debtor is in a cramdown c13 plan where she is paying of the 1st at a
discount--paying the value of the collateral in 5 years.
She may be getting an opportunity to refinance and pay off the amounts
due under the plan. Will she be able to get an early discharge?
What if her business sharply picks up and she starts making much more
money, will she have to pay more under the plan? Is she forbidden
from using the extra income to pay off the plan early?
Alik Segal
Alik.Segal@gmail.com
310-362-6157
Cal. CD, Los Angeles
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