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Bankruptcy

: The Debt Podcast

Judge Hillman Says No to Balloon Plans in Massachusetts

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Massachusetts Bankruptcy Judge Hillman decided sua sponte to deny confirmation of a Chapter 13 plan with a balloon payment. See In re Melillo, 2008 WL 987095 (Bkrtcy.D.Mass. 2008). The debtor in the case had proposed a plan to cure arrears by making small periodic payments followed by a larger balloon payment. The [...]

Full post as published by The Debt Podcast on April 19, 2008 (boomark / email).

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