Matter of Kennedy
United States Bankruptcy Court, D. New Jersey
1Opinion of the Court
OPINION
JUDITH H. WIZMUR, Bankruptcy Judge.
Debtors John and Cathleen Kennedy seek confirmation of their Chapter 11 plan. The plan proposes to pay off a foreclosure judgment on their residence over a twenty year period, with interest. The holder of the foreclosure judgment, Dominion Bane-shares Mortgage Company, (“Dominion”), objects to the plan.
Dominion acquired a purchase money mortgage on the debtors’ residence in 1986. Debtors purchased the property in 1989 and assumed the mortgage. The initial principal due on the obligation was $62,250. Following debtors’ default, a judgment of…
2Cases cited33 opinions
- Younger v. HarrisSupreme Court of the United States · 1971
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Butner v. United StatesSupreme Court of the United States · 1979
- Kelly v. RobinsonSupreme Court of the United States · 1986
- Johnson v. Home State BankSupreme Court of the United States · 1991
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- William J. Wade, Trustee v. Nathan Bradford and Beverly Bradford, DebtorsCourt of Appeals for the Tenth Circuit · 1994
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