· 7/16/2010
Whaley v. Tennyson (In Re Tennyson)
Citations
- 611 F.3d 873
- 64 Collier Bankr. Cas. 2d 132
- 2010 U.S. App. LEXIS 14638
- 2010 WL 2793941
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- noting that § 1322(d) “sets the absolute maximum time period of a Chapter 13 bankruptcy plan for an above[-]median income debtor at five years, no exceptions.”
- recognizing the import of “statutory context” (citation and internal quotation marks omitted)
- finding above-median-income debtors are required to develop a plan with an applicable commitment period of at least five years
- “[A]llowing Tennyson to confirm a plan for less than five years would deprive the unsecured creditors of their full opportunity to recover on their claims from Tennyson by way of post confirmation plan modifications.”
- “[Section 1325(b)(4) ] certainly does not state that the ‘applicable commitment period’ becomes inconsequential if disposable income is negative.”
- “‘The heart of [BAPCPA’s] consumer bankruptcy reforms ... is intended to ensure that debtors repay creditors the maximum they can afford.’ ”
Source: CourtListener parenthetical corpus (CC0).
Judges: Tjoflat, Wilson, Ebel
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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