The authors of this article discuss two recent decisions that have provided some insight into what happens when a debtor files a Chapter 13 bankruptcy petition as a means of redeeming sold real estate taxes.
The question of what happens when a debtor files a Chapter 13 bankruptcy petition as a means of redeeming sold real estate taxes1 is being addressed throughout the country with more regularity. Recently, bankruptcy courts in Illinois and Georgia have provided some insight into how this question should be answered.
This article was originally published by Chapman and Cutler LLP on January 23, 2018, and was republished by LexisNexis Emerging Issues Analysis in May 2016. The article was also republished by Pratt's Journal of Bankruptcy Law in its April/May 2018 issue. The republished article is posted with permission.