(Bankr. E.D. Ky. Dec. 22, 2015)
The court denies the Chapter 13 debtors’ motion to modify the confirmed plan to reduce the secured claim of the IRS. The debtors argued that the collateral was not worth the amount of the claim, but the Court holds that reducing an allowed secured claim is not a modification permitted by the code. Opinion below.
Author: Matt Lindblom