Legal Opinion

In re Krueger

United States Bankruptcy Court, W.D. Wisconsin

Decided April 7, 2015No. Case No. 14-14757Published

1Opinion of the Court

MEMORANDUM DECISION

ROBERT D. MARTIN, UNITED STATES BANKRUPTCY JUDGE

Debtors Thomas and Deborah Krueger filed a chapter 13 bankruptcy on November 6, 2014. There is a substantial question of their chapter 13 eligibility.

Mary DeGroot holds a judgment lien for $778,642.95 secured by Debtors’ residence, which is valued at $269,235.00. Ms. De-Groot’s lien is junior to two mortgages totaling $335,425. Thus, the trustee and Ms. DeGroot argue Debtors are not eligible for chapter 13 because Debtors exceed the debt ceiling set by 11 U.S.C. § 109(e).

Under 11 U.S.C. § 109(e):

Only an individual with regular…

2Cases cited16 opinions

Dewsnup v. TimmSupreme Court of the United States · 1992
Nobelman v. American Savings BankSupreme Court of the United States · 1993
In Re: Arthur Lionel Scovis Jenny Scovis, Debtors. Arthur Lionel Scovis Jenny Scovis v. Christen Brun HenrichsenCourt of Appeals for the Ninth Circuit · 2001
In Re Peter Gordon Balbus, Debtor. Brown and Company Securities Corporation v. Peter Gordon BalbusCourt of Appeals for the Fourth Circuit · 1991
In the Matter of Eugene Arthur Day, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1984

11 more not listed; retrieve them via the Exa API.