Legal Opinion
In Re Wegscheid
United States Bankruptcy Court, D. Arizona
Decided January 29, 2007No. 0:03-bk-00926-RJHPublishedCited by 1 opinion
1Opinion of the Court
OPINION
RANDOLPH J. HAINES, Bankruptcy Judge.
May a Chapter 13 plan provide for the avoidance of a wholly undersecured lien on a debtor’s principal residence, and does the confirmation of the plan have res judi-cata effect if a creditor fails to object to the plan? This Court concludes that a lien on a debtor’s principal residence may be avoided if there is zero equity in the property to secure the claim, and that a confirmed Chapter 13 plan is binding on the creditor.
Factual Background
Debtor Darrell Wegscheid filed for relief under Chapter 13. The Debtor scheduled his residential property as…
2Cases cited17 opinions
- New Hampshire v. MaineSupreme Court of the United States · 2001
- Nobelman v. American Savings BankSupreme Court of the United States · 1993
- In Re Benjamin Pierce Simmons, Bankrupt. Benjamin Pierce Simmons v. J.T. SavellCourt of Appeals for the Fifth Circuit · 1985
- Lawrence Tractor Co. v. GregoryCourt of Appeals for the Ninth Circuit · 1983
- In Re Stephen J. McdonaldCourt of Appeals for the Third Circuit · 2000
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3Cited by1 opinion
- In Re GarmanUnited States Bankruptcy Court, E.D. Pennsylvania · 2009