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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; Chapter 13</title>
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	<link>http://wwrbankruptcy.com</link>
	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation's largest creditor's rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times.</description>
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			<item>
		<title>Supreme Court Adopts “Forward-Looking” Approach to Define Projected Disposable Income When Calculating Chapter 13 Repayment Plans</title>
		<link>http://wwrbankruptcy.com/2010/07/01/supreme-court-adopts-%e2%80%9cforward-looking%e2%80%9d-approach-to-define-projected-disposable-income-when-calculating-chapter-13-repayment-plans/</link>
		<comments>http://wwrbankruptcy.com/2010/07/01/supreme-court-adopts-%e2%80%9cforward-looking%e2%80%9d-approach-to-define-projected-disposable-income-when-calculating-chapter-13-repayment-plans/#comments</comments>
		<pubDate>Thu, 01 Jul 2010 20:27:34 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[2005 BAPCPA]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[forward looking approach]]></category>
		<category><![CDATA[means test]]></category>
		<category><![CDATA[mechanical approach]]></category>
		<category><![CDATA[projected disposable income]]></category>
		<category><![CDATA[repayment plans]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=353</guid>
		<description><![CDATA[When Congress amended the Bankruptcy Code in 2005, they implemented the means test.  The purpose of the means test was to provide a higher return of funds to unsecured creditors.  The test requires debtors filing chapter 13 bankruptcy to pay all “projected disposable income” into the plan.  Projected disposable income is a calculation of all [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/07/01/supreme-court-adopts-%e2%80%9cforward-looking%e2%80%9d-approach-to-define-projected-disposable-income-when-calculating-chapter-13-repayment-plans/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Treasury Department Issues Guidelines for Use of HAMP in Bankruptcy</title>
		<link>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/</link>
		<comments>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/#comments</comments>
		<pubDate>Tue, 30 Mar 2010 12:00:03 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Homeowners Affordable Modification Program]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 13 Trustee]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[U.S. Treasury]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=335</guid>
		<description><![CDATA[A recent post advised lenders and servicers of a strategy proposed by a prominent Chapter 13 Trustee to file bankruptcy and apply for a HAMP modification at the same time. To recap, theoretically, the servicer will lower the mortgage payments and a modification would be in executed within 60 days of filing the bankruptcy, and [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sixth Circuit Rules That Negative Equity Is Purchase Money</title>
		<link>http://wwrbankruptcy.com/2010/03/26/sixth-circuit-rules-that-negative-equity-is-purchase-money/</link>
		<comments>http://wwrbankruptcy.com/2010/03/26/sixth-circuit-rules-that-negative-equity-is-purchase-money/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 17:00:19 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[6th Circuit Court]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cramdown]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[purchase money]]></category>
		<category><![CDATA[Sixth Circuit Court]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=330</guid>
		<description><![CDATA[On March 24, 2010 the Sixth Circuit Court of appeals which covers Ohio, Michigan, Kentucky, and Tennessee, in line with a recent decision in the Seventh and past decisions of the Second, Fourth, Fifth, Tenth, and Eleventh Circuit Courts of Appeal, ruled that negative equity is purchase money and cannot be crammed down through bankruptcy [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Beware of Chapter 13 Plans That Depend on HAMP Modification</title>
		<link>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/</link>
		<comments>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 18:15:51 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Homeowners Affordable Modification Program]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Affidavid of Hardship]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Request for Modification]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=327</guid>
		<description><![CDATA[The bills in both the House and Senate which would have allowed bankruptcy judges to modify the terms of certain mortgages died long ago.  However, one prominent Chapter 13 bankruptcy trustee is promoting his own version of reform by promoting the use of HAMP (Homeowners Affordable Modification Program) in concert with a Chapter 13 bankruptcy.  [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pandora’s Box Opens:  Chapter 13 Plans May Be Final Even If Contrary to the Bankruptcy Code</title>
		<link>http://wwrbankruptcy.com/2010/03/24/pandora%e2%80%99s-box-opens-chapter-13-plans-may-be-final-even-if-contrary-to-the-bankruptcy-code/</link>
		<comments>http://wwrbankruptcy.com/2010/03/24/pandora%e2%80%99s-box-opens-chapter-13-plans-may-be-final-even-if-contrary-to-the-bankruptcy-code/#comments</comments>
		<pubDate>Wed, 24 Mar 2010 15:53:18 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Federal Rules of Bankruptcy Procedure]]></category>
		<category><![CDATA[11 U.S.C. 523(a)(8)]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Bankruptcy Code]]></category>
		<category><![CDATA[discharge]]></category>
		<category><![CDATA[Federal Rule 60(b)(4)]]></category>
		<category><![CDATA[student loan debt]]></category>
		<category><![CDATA[student loan exception]]></category>
		<category><![CDATA[Supreme Court decision]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=322</guid>
		<description><![CDATA[By Beth Ann Schenz, Esq. and Milan Kubat, Esq.
The Supreme Court admits that its decision from March 23, 2010, “is potential for bad-faith litigation tactics” by debtors. 
The Facts
A Chapter 13 debtor listed his student loan debt in his plan.  In the Chapter 13 plan, the debtor proposed to repay only the principal while the remainder [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/24/pandora%e2%80%99s-box-opens-chapter-13-plans-may-be-final-even-if-contrary-to-the-bankruptcy-code/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Has Mortgage Cramdown Died Its Final Death?</title>
		<link>http://wwrbankruptcy.com/2009/12/17/has-mortgage-cramdown-died-its-final-death/</link>
		<comments>http://wwrbankruptcy.com/2009/12/17/has-mortgage-cramdown-died-its-final-death/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 17:03:24 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=278</guid>
		<description><![CDATA[The House on December 11, 2009 rejected an amendment to the Wall Street Reform and Protection Act of 2009 that would allow mortgage cramdowns in Chapter 13 bankruptcies.  The surprise is that this is the same amendment that the House passed earlier this year.  This time it was defeated by a vote of 241 to [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/12/17/has-mortgage-cramdown-died-its-final-death/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Additional Documentation Requirements in Southern Indiana and Southern Ohio</title>
		<link>http://wwrbankruptcy.com/2009/11/27/additional-documentation-requirements-in-southern-indiana-and-southern-ohio/</link>
		<comments>http://wwrbankruptcy.com/2009/11/27/additional-documentation-requirements-in-southern-indiana-and-southern-ohio/#comments</comments>
		<pubDate>Fri, 27 Nov 2009 13:00:41 +0000</pubDate>
		<dc:creator>Laura Faulkner</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Local Procedures & Rules]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[local rules]]></category>
		<category><![CDATA[motions for relief from stay]]></category>
		<category><![CDATA[post-petition payment history]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Southern District of Indiana]]></category>
		<category><![CDATA[Southern District of Ohio]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=273</guid>
		<description><![CDATA[The Southern District of Indiana and the Southern District of Ohio are revising their Local Rules effective December 1, 2009. Both jurisdictions are revising their Rules to require creditors to attach a post-petition payment history to motions for relief from stay in Chapter 13 cases.
Additionally, the Southern District of Ohio will require additional documentation to [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/11/27/additional-documentation-requirements-in-southern-indiana-and-southern-ohio/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Procedure for Filing Notice of Mortgage Payment Change Amended in Western District of Pennsylvania</title>
		<link>http://wwrbankruptcy.com/2009/11/17/procedure-for-filing-notice-of-mortgage-payment-change-amended-in-western-district-of-pennsylvania/</link>
		<comments>http://wwrbankruptcy.com/2009/11/17/procedure-for-filing-notice-of-mortgage-payment-change-amended-in-western-district-of-pennsylvania/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 21:43:00 +0000</pubDate>
		<dc:creator>Holly Thurman</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Local Procedures & Rules]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Notice of Mortgage Payment Change]]></category>
		<category><![CDATA[Western District of Pennsylvania]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=261</guid>
		<description><![CDATA[Effective January 1, 2010, the Western District of Pennsylvania Court Procedure will change regarding notifying the Court and the Debtor of monthly mortgage payment changes. The Chapter 13 Trustee is the acting disbursing agent for ongoing mortgage payments in this district.
Notice of Mortgage Payment Change must be filed with the Court at least twenty-one (21) [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/11/17/procedure-for-filing-notice-of-mortgage-payment-change-amended-in-western-district-of-pennsylvania/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Bankruptcy Filing Requirements In The Northern District of Illinois</title>
		<link>http://wwrbankruptcy.com/2009/08/20/new-bankruptcy-filing-requirements-in-the-northern-district-of-illinois/</link>
		<comments>http://wwrbankruptcy.com/2009/08/20/new-bankruptcy-filing-requirements-in-the-northern-district-of-illinois/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 15:02:49 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Local Procedures & Rules]]></category>
		<category><![CDATA[Motion]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[disclosure]]></category>
		<category><![CDATA[motions for relief]]></category>
		<category><![CDATA[Northern District of Illinois]]></category>
		<category><![CDATA[post-petition payment history]]></category>
		<category><![CDATA[Statement to Accompany Motions]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=227</guid>
		<description><![CDATA[NEW: A post-petition payment history must be attached to all Chapter 13 motions for relief in the Northern District of Illinois.
The Northern District of Illinois (Chicago) requires filers to attach a “Statement to Accompany Motions for Relief from Stay” to all motions for relief.  The Statement has been revised three times in the last year.  [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/08/20/new-bankruptcy-filing-requirements-in-the-northern-district-of-illinois/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Possible Compromise This Week on Bankruptcy Cramdown Legislation</title>
		<link>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/</link>
		<comments>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 13:00:04 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[House]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Senate]]></category>
		<category><![CDATA[Whip Dick Durbin]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=207</guid>
		<description><![CDATA[While the House passed a bill permitting mortgage cramdowns, the Senate has yet to do so.  However, it hopes to have a compromise in place this week.  Senate Majority Whip Dick Durbin (D-Ill) met with banks, credit unions, and consumer groups to negotiate terms for the Senate bill.
Details are sketchy, but it appears that the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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