Bankruptcy – No ‘Cure’ of Debtors’ Interest Rate Hike (access required)

Anderson v. Hancock (Lawyers Weekly No. 001-078-16, 20 pp.) (Wilkinson, J.) No. 15-1505, April 27, 2016; USDC at Raleigh, N.C. (Flanagan, J.) 4th Cir. Holding: Debtors whose mortgage loan interest rate was increased upon default cannot effect a “cure” under 11 U.S.C. § 1322(b)(2) by using their bankruptcy plan to bring post-petition loan payments back down ...

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South Carolina Lawyers Weekly

Bankruptcy – No ‘Cure’ of Debtors’ Interest Rate Hike

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