If a debtor proposes to surrender the residence in a proposed Ch 13 plan, but the lender objects to the plan because the lender wants the arrearages paid special through the plan, is the lender's objection legitimate?
The plan proposes to pay back unsecured creditors less than 100% but all of the disposable income. There are no secured creditors to pay and debtor will be finding a place to rent once the house is surrendered.
The plan proposes to pay back unsecured creditors less than 100% but all of the disposable income. There are no secured creditors to pay and debtor will be finding a place to rent once the house is surrendered.
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