In re: Michael Angelo Montemayor

IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re: ) Chapter 13 ) Michael Angelo Montemayor, ) Case No. 25 B 13542 ) Debtor. ) Hon. Michael B. Slade ) MEMORANDUM OPINION DENYING CONFIRMATION OF THE PROPOSED PLAN AND DENYING THE TRUSTEE’S MOTION TO DISMISS Debtor Michael Montemayor seeks confirmation of a proposed Chapter 13 Plan that would last thirty-six months and pay creditors an estimated twenty-five cents on the dollar over the course of that three-year period. (See Dkt. No. 40) Under the terms of the proposed Plan, a material amount of…