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Fay Robin Michelsen, BK93-81233, Ch. 13

Pre-petition loan from retirement plan is not a "debt" under Bankruptcy Code. Debtor may continue to repay the loan via payroll deductions if she pays unsecured creditors 100 % of their claims less the amount of the tax claim if the loan isn't repaid

Date: 
Monday, May 2, 1994
Judge: 
Judge Timothy J. Mahoney (Retired)