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Bankruptcy

: The Debt Podcast

California Court: $6,060 Monthly Mortgage Payment Not an Abuse of Chapter 7

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In In re Johnson, 2008 WL 5265740 (Bky.S.D.Cal. Dec. 8, 2008), a California bankruptcy court ruled that a debtor with a $6,060 monthly mortgage payment was not to be denied a bankruptcy discharge based solely upon the size of the mortgage payment.  The court turned aside a challenge under section 707(b) which claimed that the [...]

Full post as published by The Debt Podcast on January 23, 2009 (boomark / email).

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