Legal Opinion
In Re Ives
United States Bankruptcy Court, D. Arizona
Decided February 18, 2003No. 01-01224-BHC-RJHBPublishedCited by 3 opinions
1Opinion of the Court
OPINION
RANDOLPH J. HAINES, Bankruptcy Judge.
May a Chapter 13 reorganization plan provide for modification of a partially-secured primary residence mortgage based on the value of the home, if the mortgagee fails to object prior to the deadline for objections? This Court concludes such a provision is improper regardless of the untimeliness of the creditor’s objection, provided that the objection is raised prior to confirmation of the plan.
Factual Background
Irwin Home Equity (“Creditor”) holds a partially-secured second lien on the primary residence of Sandra L. Ives (“Debt- or”). The total debt…
2Cases cited10 opinions
- Blonder-Tongue Laboratories, Inc. v. University of Illinois FoundationSupreme Court of the United States · 1971
- Nobelman v. American Savings BankSupreme Court of the United States · 1993
- In Re Acequia, Inc., Debtor. Acequia, Inc. v. Vernon B. ClintonCourt of Appeals for the Ninth Circuit · 1986
- In Re Sieglinde M. Zimmer, Debtor, Sieglinde M. Zimmer v. Psb Lending CorporationCourt of Appeals for the Ninth Circuit · 2002
- In Re Gary Ronald Perez, Debtor. Frank Everett v. Gary Ronald PerezCourt of Appeals for the Ninth Circuit · 1994
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3Cited by3 opinions
- In Re SchanuthUnited States Bankruptcy Court, W.D. Missouri · 2006
- In Re MeekUnited States Bankruptcy Court, D. Idaho · 2007
- In Re WegscheidUnited States Bankruptcy Court, D. Arizona · 2007