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Home / Opinion Digests / Bankruptcy – ‘Principal Residence’ – Mobile Home – Loan Modification (access required)

Bankruptcy – ‘Principal Residence’ – Mobile Home – Loan Modification (access required)

Chapter 13 debtors can modify their debt on their mobile home, because it is not covered by the Bankruptcy Code’s anti-modification clause, and the 4th Circuit reverses a bankruptcy court’s contrary holding. The anti-modification clause in § 1322(b)(2) of the Bankruptcy Code prevents a Chapter 13 debtor from bifurcating a secured claim into secured and unsecured ...