Mealey's Banking & Finance - 1st Circuit: Debtor's Plan In Chapter 13 Not Feasible Under The Bankruptcy Code

Mealey's Banking & Finance - 1st Circuit: Debtor's Plan In Chapter 13 Not Feasible Under The Bankruptcy Code

BOSTON - A panel of the First Circuit U.S. Court of Appeals on May 14 affirmed dismissal of a Chapter 13 debtor's payment plan, ruling that his plan to bifurcate his mortgage loan debt into secured and unsecured portions was not feasible under the Bankruptcy Code (Louis B. Bullard v. Hyde Park Savings Bank [In Re: Louis B. Bullard], No. 13-9009, Chapter 13, 1st Cir.; 2014 U.S. App. LEXIS 8995).

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