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<p>We don't know the facts, or even the plan language, or whether
the plan is confirmed. Assuming the Act didn't change the law in
this area (I don't remember), it would be perfectly acceptable to
bifurcate non-residential property debt into secured and unsecured
portions, or even treat it as completely unsecured if say there's
a prior encumbrance that exceeds the value of the property.<br>
</p>
<p>Jeff raises another issue though. In the event that an
improperly proposed plan was confirmed the creditor might be out
of luck (I don't remember the law on that). I would think though
the trustee would possibly object if the property were residential
property. <br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
John L. Scott, Inc.
206 723-2148</pre>
<div class="moz-cite-prefix">On 12/4/2019 3:21 PM, Jeff Davis wrote:<br>
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<p class="MsoNormal"><span style="color:windowtext">Kary raises
an important point. Where are they at in the plan
confirmation process? The creditor needs to review the plan
and the basis for the proposed treatment of the DOT. It is
odd to simply have it avoided, it is not like a judgment
lien. I have crammed down on DOT secured debt that is
underwater, but we don’t know the facts. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext">Jeff<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext"><o:p> </o:p></span></p>
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<div style="border:none;border-top:solid #E1E1E1
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<p class="MsoNormal"><b><span style="color:windowtext">From:</span></b><span
style="color:windowtext">
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp-bounces@lists.wsbarppt.com"><wsbarp-bounces@lists.wsbarppt.com></a> <b>On Behalf
Of </b>Kary Krismer<br>
<b>Sent:</b> Wednesday, December 4, 2019 1:30 PM<br>
<b>To:</b> <a class="moz-txt-link-abbreviated" href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> Re: [WSBARP] Off Topic Referral -
Creditor representation in bankruptcy<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p>I haven't practiced in over 12 years, and not at all under
the current Act, but for property that is not the debtor's
residence I don't see why they couldn't deal with both the
secured and unsecured claim of a deed of trust in a Chapter 13
plan. If the mortgagee didn't object I think they may be out
of luck<o:p></o:p></p>
<pre>Kary L. Krismer<o:p></o:p></pre>
<pre>John L. Scott, Inc. <o:p></o:p></pre>
<pre>206 723-2148<o:p></o:p></pre>
<div>
<p class="MsoNormal">On 12/4/2019 12:21 PM, Doug Owens wrote:<o:p></o:p></p>
</div>
<blockquote style="margin-top:5.0pt;margin-bottom:5.0pt">
<p class="MsoNormal">Dear Greg, I believe that is nonsense. A
deed of trust cannot be “avoided” or eliminated through
bankruptcy. Perhaps your clients should attend the
creditors’ meeting and talk to the trustee. I hope this is
helpful. Yours truly, Doug Owens<o:p></o:p></p>
<div>
<p class="MsoNormal"><br>
<br>
<o:p></o:p></p>
<blockquote style="margin-top:5.0pt;margin-bottom:5.0pt">
<div>
<p class="MsoNormal">On Dec 4, 2019, at 12:03 PM,
Gregory L. Gilday <<a
href="mailto:cole-gilday@stanwoodlaw.net"
moz-do-not-send="true">cole-gilday@stanwoodlaw.net</a>>
wrote:<o:p></o:p></p>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal"><span
style="font-size:9.0pt;font-family:"Times New
Roman",serif">I have some clients who are the
beneficiaries on a DOT on a property where the
owners/borrowers are currently in Chapter 13. They
list my clients in the Plan under the "Non-standard
Provisions" section, and state the the DOT will be
avoided and the claim will be paid as a general
unsecured claim. Obviously, my clients are not
happy with that portion of the Plan, and they are
looking for someone to help them through this
process. <span class="apple-converted-space"> </span><br>
<br>
Any referrals would be appreciated and passed on to
the clients.<span class="apple-converted-space"> </span><br>
<br>
Thank you all,<span class="apple-converted-space"> </span><br>
<br>
</span><o:p></o:p></p>
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<p class="MsoNormal" style="background:white"><span
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<p class="MsoNormal" style="background:white"><span
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