Can a 13 Plan get approved without paying all secured debt?
Posted: Sat Jan 02, 2010 12:56 pm
Client has a massive amount of priority tax debts. The client's proposed plan cures the arrearage on his mortgage, pays all of his priority tax debt and pays off his car. The plan does not have enough left to pay 2 judgements that have liens on his home. There is enough equity in the home that the liens don't impair his exemption.
Can the plan still get approved if it doesn't pay these judgements? or can the liens go unpaid and remain on the property post discharge?
Thanks
Shawn White
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