Legal Opinion
American General Finance, Inc. v. Paschen (In Re Paschen)
Court of Appeals for the Eleventh Circuit
Decided July 10, 2002No. 01-16353PublishedCited by 50 opinions
1Opinion of the Court
WILSON, Circuit Judge:
This case presents an issue of first impression in this Circuit: Does 11 U.S.C. § 1322(c)(2) permit Chapter 13 debtors to bifurcate undersecured, short-term 1 home mortgages into secured and unsecured claims, with the unsecured claim subject to “cramdown” pursuant to 11 U.S.C. § 1325(a)(5)? The bankruptcy court, in confirming Richard and Doreen Paschen’s (Debtors’) Chapter 13 plan, held that § 1322(c)(2) did indeed permit Debtors to modify undersecured, short-term home mortgages through bifurcation and “cram-down.” The district court affirmed the bankruptcy court’s…
2Cases cited14 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
- United States v. William O. Steele, Cross-AppelleeCourt of Appeals for the Eleventh Circuit · 1998
- First Union Mortgage Corp. v. Eubanks (In Re Eubanks)Bankruptcy Appellate Panel of the Sixth Circuit · 1998
- In Re: Pamela L. Tanner, Debtor. Pamela L. Tanner v. Firstplus Financial, Inc., F.K.A. Remodelers National FundingCourt of Appeals for the First Circuit · 2000
9 more not listed; retrieve them via the Exa API.
3Cited by50 opinions
- American Bankers Insurance Group v. United StatesCourt of Appeals for the Eleventh Circuit · 2005
- James Kehoe v. Fidelity Federal Bank & TrustCourt of Appeals for the Eleventh Circuit · 2005
- Max v. Northington (In Re Northington)Court of Appeals for the Eleventh Circuit · 2017
- In Re GerardinUnited States Bankruptcy Court, S.D. Florida. · 2011
- Larry Hurlburt v. Juliet BlackCourt of Appeals for the Fourth Circuit · 2019
45 more not listed; retrieve them via the Exa API.