In Re DeSardi

How courts have described this case

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

• explaining that a balloon payment in the 60th month when the car would be worth less than the balloon payment puts all risk of loss on the car lender
• “Nor does the section state that payments must be equal ‘as of the effective date of the plan.’ ”
• “The statute refers only to payment of any unpaid claim. There is no reference to a partial payment.”
• “the car lender’s adequate protection payments are senior in priority to the payments to debt- or’s counsel.”
• “Because this interpretation is contrary to the plain meaning of the plans, the Court rejects the interpretation and will apply the plain meaning.”
• \[T]he equal payment provision requires that payments be level once they begin and terminate once the lender is fully paid. Exactly when these level payments begin is case-specific.\

Source: CourtListener parenthetical corpus (CC0).