Posts Tagged ‘Additional Collateral’

Under Pennsylvania Law Anti Modification Provision of Section 1322(b)(2) Does Not Prevent Mortgage Modification Where Mortgagee’s Security Interest in Mobile Home Was Additional Collateral

Thursday, May 14th, 2009

A recent Pennsylvania Bankruptcy Court decision clarified some of the important issues in Chapter 13 bankruptcy cases where a debtor seeks to modify the mortgage on their residence and there is additional collateral taken in other assets.