Legal Opinion
In Re Reeves
United States Bankruptcy Court, C.D. Illinois
Decided June 12, 1998No. 19-70301PublishedCited by 13 opinions
1Opinion of the Court
OPINION
BASIL H. COUTRAKON, Bankruptcy Judge.
The issue before the Court is whether 11 U.S.C. § 1322(c)(2) permits a Chapter 13 debtor to bifurcate an undersecured claim secured by a mortgage on a principal residence which has come due prior to the filing of the bankruptcy petition into secured and unsecured components.
On September 14, 1995, Debtors executed a step-up rate mortgage note with balloon payment and corresponding mortgage in the sum of $91,400 relating to the residential property located at Lot 8 Allen Drive, Athens, Illinois. By its terms, the note became due and payable in full on…
2Cases cited10 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Nobelman v. American Savings BankSupreme Court of the United States · 1993
- First Union Mortgage Corp. v. Eubanks (In Re Eubanks)Bankruptcy Appellate Panel of the Sixth Circuit · 1998
- First National Fidelity Corp. v. Ruth Perry, Robert M. Wood, TrusteeCourt of Appeals for the First Circuit · 1991
- In Re Clarence Gordon Witt Carolyn Sue Witt, Debtors. Clarence Gordon Witt Carolyn Sue Witt v. United Companies Lending CorporationCourt of Appeals for the Fourth Circuit · 1997
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3Cited by13 opinions
- Bartee v. Tara Colony Homeowners Ass'n (In Re Bartee)Court of Appeals for the Fifth Circuit · 2000
- American General Finance, Inc. v. Paschen (In Re Paschen)Court of Appeals for the Eleventh Circuit · 2002
- Larry Hurlburt v. Juliet BlackCourt of Appeals for the Fourth Circuit · 2019
- McCarron v. Firstplus Financial (In Re McCarron)United States Bankruptcy Court, W.D. Missouri · 2000
- In Re PerryDistrict Court, S.D. Texas · 1999
8 more not listed; retrieve them via the Exa API.