From our private database of 35,600+ case briefs...
In re Drew
United States Bankruptcy Court for the Northern District of Illinois
325 B.R. 765 (2005)
The Drews (plaintiffs) filed for chapter 13 bankruptcy, and their plan was confirmed. Approximately two years after filing, the court granted the Drews’ motion to obtain credit to refinance their property. The Drews refinanced their property and received a lump-sum cash payment. The Drews’ property had been valued at $90,000 but was refinanced at $105,000. The trustee motioned for modification of the Drews’ plan to increase payments to unsecured creditors, based on the appreciation of the property and the amounts of payout cash the Drews received. The Drews responded that the trustee was estopped from challenging the valuations at this point, and the Drews should be able to keep any surplus equity.
Rule of Law
Holding and Reasoning (Squires, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 618,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 618,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 35,600 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.