» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 130 | NO. 87 | Tuesday, May 5, 2015

High Court: Debtors Must Wait to Appeal Payment Plan Denial

AP

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – A unanimous Supreme Court says debtors in bankruptcy cannot immediately appeal a court's order rejecting a plan to repay creditors.

The justices ruled Monday that parties in a bankruptcy case must wait until a repayment plan is confirmed before appealing to a higher court.

The case involves Louis Bullard, a Massachusetts man who filed for Chapter 13 bankruptcy in 2010. One of his biggest debts was $346,000 he owed to Blue Hills Bank. But a bankruptcy court denied his plan to pay the bank only a tiny percentage of what he owed.

A federal appeals court said the order was not final because Bullard could still propose another plan.

Writing for the court, Chief Justice John Roberts agreed that only an order confirming a payment plan is immediately appealable.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 0 117 12,966
MARRIAGE LICENSES 15 65 4,842

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.