Legal Opinion

In Re Scheldt

United States Bankruptcy Court, C.D. Illinois

Decided April 23, 1998No. 19-90053PublishedCited by 1 opinion

1Opinion of the Court

OPINION

BASIL H. COUTRAKON, Bankruptcy Judge.

Before the Court are Debtor’s Chapter 13 Plan and the Objection thereto filed by the -, United States. At issue is whether a debtor, through a Chapter 13 plan, may cure a mortgage default after the mortgaged property has been sold at a foreclosure sale and after the sale has been confirmed, if the bankruptcy petition is filed before the extended special statutory redemption period has expired.

On January 24, 1995, Betty Sue Scheldt (“Debtor”) obtained a rural housing loan from the United States Farmers Home Administration (“FmHA”) in the amount of…

2Cases cited2 opinions

  1. Citicorp Savings v. First Chicago Trust Co.Appellate Court of Illinois · 1995
  2. Crawford v. First Nationwide Mortgage Corp.District Court, N.D. Illinois · 1998

3Cited by1 opinion

  1. In Re DanaskosUnited States Bankruptcy Court, N.D. Illinois · 2000

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