1:08-bk-12829•Mihai Ofiteru and Evelyn Hyun Soon Ofiteru
Full text
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA In re MIHAI OFITERU and EVELYN HYUN SOON OFITERU No. 08-12829 Debtor(s). ______________________________________/ Memorandum re Chapter 13 Eligibility _________________ The issue before the court is whether a wholly unsecured junior deed of trust is to be counted as secured or unsecured for Chapter 13 eligibility purposes under § 109(e) of the Bankruptcy Code. The court agrees with Chief Judge Bowie’s opinion in In re Groh, 405 B.R. 674 (Bkrtcy.S.D.Cal 2009) that such debt is counted as unsecured. Accordingly, this case will be dismissed 10 days after entry of an appropriate order unless before that time the debtors have sought conversion to another chapter. Counsel for objecting creditor JP Morgan Chase Bank shall submit an appropriate form of order forthwith. Dated: July 24, 2009 SAlan Jaroslovsky U.S. Bankruptcy Judge Entered on Docket July 24, 2009 GLORIA L. FRANKLIN, CLERK U.S BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA Case: 08-12829 Doc# 56 Filed: 07/24/09 Entered: 07/24/09 13:38:22 Page 1 of 1
Wondering how this text applies to your situation?
Free consultation, no commitment
Describe your situation. Our team will contact you by email about your consultation.
Continue your research in ChatGPT or Claude
Connect Omnilex to search the legal corpus from your AI assistant.