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A Boston federal court upheld a bankruptcy decision that prevents a Massachusetts state agency from claiming more money from a couple's bankruptcy plan because their home's value soared in a lucrative housing market. The decision establishes that, although a bankruptcy plan may be modified to increase or reduce the amount of payments, it cannot be changed to increase the total amount of a creditor's secured claim.
November 21, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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