Citizens Trust & Savings Bank v. Schafer (In Re Schafer)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• section 1322(b)(5) “does not apply to short-term obligations which would, by their terms, become due before the last plan payment is due.”
• “[W]hile the Bankruptcy Court certainly has authority to modify the provisions of a short-term secured obligation, it may not do so in a way which extends payments beyond the five year life of the plan.”

Source: CourtListener parenthetical corpus (CC0).