In Re Toronto
United States Bankruptcy Court, D. Connecticut
1Opinion of the Court
MEMORANDUM AND ORDER ON MOTION TO DISMISS
ALAN H.W. SHIFF, Bankruptcy Judge.
Sikorsky Federal Credit Union moves to dismiss this chapter 13 case or in the alternative to convert it to a chapter 7 case. Because I conclude that the debtors are ineligible for chapter 13 relief and that conversion to chapter 7 is in the best interests of creditors and the estate, the motion will be granted and this case will be converted to chapter 7.
BACKGROUND
On March 15, 1989, the debtors entered into a home equity line of credit with the movant which was secured by a mortgage on the debtors’ residence. On…
2Cases cited61 opinions
- Johnson v. Home State BankSupreme Court of the United States · 1991
- Taylor v. Freeland & KronzSupreme Court of the United States · 1992
- Nobelman v. American Savings BankSupreme Court of the United States · 1993
- Owen v. OwenSupreme Court of the United States · 1991
- Rake v. WadeSupreme Court of the United States · 1993
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3Cited by35 opinions
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- Carto v. Oakley (In re Oakley)United States Bankruptcy Court, E.D. Pennsylvania · 2013
- Derrick v. Richard L. Grafe Commodities, Inc. (In Re Derrick)United States Bankruptcy Court, W.D. Wisconsin · 1995
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