MEMORANDUM DECISION WILLIAM F. STONE, JR., Bankruptcy Judge. The matter before the Court is a motion to approve a reaffirmation agreement ("the Agreement") signed by the Debtors 1 with respect to a debt secured by a purchase money security interest in a 2007 model Chrysler PT Cruiser. The Agreement contemplates the reaffirmation of the existing terms of the loan contract between Mr. Harvey and Chrysler Financial Services Americas, LLC ("Chrysler Financial"). At a hearing before the Court...
MEMORANDUM DECISION WILLIAM F. STONE Jr., Bankruptcy Judge. The matters before the Court are the Debtor's Third Amended Disclosure Statement filed on April 20, 2010 ("Amended Disclosure Statement"), Third Amended Plan of Reorganization ("Amended Plan") filed on April 20, 2010, and Motion to Confirm Plan Notwithstanding Balloting "Cramdown" ("Motion to Confirm") filed on May 27, 2010. Following a hearing held on June 1, 2010 at which the Debtor was the only party in interest to appear, the...
ORDER ROSS W. KRUMM, Bankruptcy Judge. The matter before the Court for decision involves the complaint by Branch Banking & Trust Company (hereafter "BB & T") and the Debtors' answer to the complaint. Although there are numerous issues contained in the complaint and answer, this Order seeks to decide the narrow question of whether a certain parcel of real property consisting of approximately 318.35 acres in Nelson County, Virginia, assigned a Tax Map Parcel # 24-A-25 (hereafter the "Property")...
DECISION AND ORDER ROSS W. KRUMM, Bankruptcy Judge. A hearing was held on April 21, 2010, to consider the Chapter 7 Trustee's Motion to Approve Compromise under Rule 9019 and Approve Settlement Involving Claims Asserted by Fidelity and Deposit Company of Maryland ("Motion to Approve"), filed on December 14, 2009. The Court also considered the City of Winchester's Objection to the Motion to Approve ("Objection"), filed on December 31, 2009. After considering the arguments of the parties, the...
DECISION AND ORDER ROSS W. KRUMM, Bankruptcy Judge. A hearing was held on August 10, 2010, to consider StellarOne Bank's (hereafter "StellarOne") Motion to Dismiss or Convert Case 1 (hereafter the "Motion to Dismiss") and Lakewatch LLC's objection to the Motion to Dismiss 2 . Additionally, the Court considered StellarOne's Motion for Relief from the Automatic Stay 3 (hereafter the "Motion for Relief") and Lakewatch LLC's objection to the Motion for Relief 4 . After considering the evidence...
