In Re Good

MEMORANDUM OF DECISION

JIM D. PAPPAS, Chief Judge.

This Chapter 13 case is before the Court to consider confirmation of Debtor’s amended plan. This otherwise uncomplicated ease gives rise to an interesting issue of bankruptcy law: may a Chapter 13 plan require that payments made under the plan to cure a home mortgage default be applied by the lender first to the principal portion of the default balance and, thereafter, to accrued interest on the default, contrary to the terms of the underlying promissory note and deed of trust? Debtor’s amended plan contains such a proposal, to which the…