WPC_ 2lBVYcZ#|[olbook&-yC80y P['CXP"m^8;Noo)CCdy8C88oooooooooo88yyyYQo~čzCyCyd)ooYsdCkz?;w?zdsoY]Nzkkk`CyCyC8CC!CCCCCCCCCCs?oooooȟYddddQ?Q?Q?Q?zddddzzzzkosddkdsoooYYYYsddddkkkkkkzzQ?Q?Q?Q?ow?????zzzzddȧYYY~]~]~]~]NNNzzzzzzĜkz`z`z`s?zY~]NkksdzNy8yd;YUUoooCX XxddXMASTREE.WPGyyA>B" XxddXMASTREE.WPGy# #xCz  xCx#Merry Christmas#z  xC# (from #Toni and Aarony(#Xdddy *y 4dddy %X XX  _` #o P['C#{&P#FooterFirst to be turned on - goes with To/From Masthead )hl Xh  XX   y(#XXdddy    dd #u9 xICH0##Merry ChristmasTo/From3Second to be turned on - goes with Footer style 'v a  1  1 y!hhp(! ddADVENT.WPG<y#p4  p(AC!3#From`"(#ITo  n  y(dddy##9 xIC#Toni`(#(#Ky(dddy#t4  p(ACsX#у  W T$҇ 1 ! 1 Skierd3Christmas Newslettergoh Family Name +^0 U  X   X` hp x (#%'0*,.8135@8:P# d  dd^_ SUPREME COURT OF THE UNITED STATES #[ P['CdP# ^_  2  )Syllabus #GG P['CԦ^P#    #[ P['CdP#SYLCT-C 6Formats: Case No. and Datelines MacropcJR-#[ P['CdP# dd  "m^*,:SS}z22K[*2**SSSSSSSSSS**[[[Collluldu}=Sudzudul_dzljj\2[2[KSSCVK2Q\/,Y/\KVSCE:\QuQQH2[2[2*222222222222V/lSlSlSlSlSwlClKlKlKlK=/=/=/=/z\uKuKuKuKz\z\z\z\jQlSuVuKuKjQuKdVlSlSlSlClClClCuVlKlKlKlKuQuQuQuQuQuQ}\}\=/=/=/=/SuYd/d/d/d/d/z\z\z\z\uKuK}lClClC_E_E_E_Ed:d:d:z\z\z\z\z\z\ujQ\H\H\HuVd/z\lC_Ed:jQjQuVuKz\N[*[K,C@@SSS2-}}S2ooS}2::S''KK\\:2[[RRk*[11RRRkskk[ZZ<[){kJ%>gwZZskkkkB{sssZZcJRRRkkkl_dRZ>\J\B\JlZoN21mRgR\lNaJlRsRSRYZB\BhVrNlRwgsg_BZ11RVVg_]Zk___________________BBBBBBBZZZZZZZZZZZZZZZZZZZZ111111111111RRRRRRRVVVVVVVVVVVVggggggggggggggggggggl\l2lhs2hR"m^ #-AAa_'':G ' AAAAAAAAAA GGG4VTTT[TN[a/A[Nn_[N[TJN_TrRRG'G'G:AA4C:'?G%#E%hG:CA46-G?[??8'G'G' ''u''''''''''C%TATATATATAu]T4T:T:T:T:/%/%/%/%_G[:[:[:[:_G_G_G_GR?TA[C[:[:R?[:NCTATATAT4T4T4T4[CT:T:T:T:[?[?[?[?[?[?aGaG/%/%/%/%A[EN%N%N%N%N%_G_G_G_G[:[:uaT4T4T4J6J6J6J6N-N-N-_G_G_G_G_G_Gr[R?G8G8G8[CN%_GT4J6N-R?R?[C[:_GNG G:#422AAA'#aaA'VVAa'--Au::uGGu-u'GG@@S G&&@@@SZSSGssFFz/G `S:0P]sssFFzZSSSS3`ZZZFFM:@e@@SSSTJN@F0G:G3G:TFV='&T@P@hGT=K:T@Z@A@EF3G3QCY=T@]PZPJ3F&&@CCPJHFSJJJJJJJJJJJJJJJJJJJ3333333FFFFFFFFFFFFFFFFFFFF&&&&&&&&&&&&@@@@@@@CCCCCCCCCCCCPPPPPPPPPPPPPPPPPPPPTGT'TQZ'Q@2Mc?c\CcFc"J"m^ '/AAac'':G ' GAAAAAAAAAA GGG4WRTT[TN[a/GVNn_[N[VNP_RlRPN'G'G:CA4G4'?G'%A'hG:CA44)G=[::6'G'G' ''u''''''''''A'RCRCRCRCRCfTT4T4T4T4T4/'/'/'/'_G[:[:[:[:_G_G_G_GP:RC[G[:[:P:[:NCRCRCRCT4T4T4T4[GT4T4T4T4[?[?[?[?[?[?aGaG/'/'/'/'GVAN'N'N'N'N'_G_G_G_G[:[:r[V4V4V4N4N4N4N4P)P)P)_G_G_G_G_G_Gl[P:N6N6N6[GN'_GV4N4P)P:P:[G[:_GNG L:'422AAA1+aaA'WWAa' --:u''::oGGu-u'GG@@S G&&@@@SZSSGssFFz/G `S:0P]sssFFzZSSSS3`ZZZFFM:@e@@SSSTJN@F0G:G3G:TFV='&T@P@hGT=K:T@Z@A@EF3G3QCY=T@]PZPJ3F&&@CCPJHFSJJJJJJJJJJJJJJJJJJJ3333333FFFFFFFFFFFFFFFFFFFF&&&&&&&&&&&&@@@@@@@CCCCCCCCCCCCPPPPPPPPPPPPPPPPPPPPTGT'TQZ'Q@"m^AE[¾0NNuANAAAAh_ܾ夤NNu0huN}JEJϏuhl[}}}pNNNANN'NNNNNNNNNNJ麨huuuu_J_J_J_Juuuu}uu}uhhhhuuuu}}}}}}_J_J_J_JJJJJJuu¨hhhllll[[[嶤}pppJhl[}}uNAuEhccNFÂNN0[[<<uu0[NэA'MM捍]@s:`捍fsѨ`sfszNMϏzsffzfMMfffffffMMMMMMMMMMMMNN"m^*2gwZZskkkkB{sssZZcJRRRkkkl_dRZ>\J\B\JlZoN21mRgR\lNaJlRsRSRYZB\BhVrNlRwgsg_BZ11RVVg_]Zk___________________BBBBBBBZZZZZZZZZZZZZZZZZZZZ111111111111RRRRRRRVVVVVVVVVVVVggggggggggggggggggggl\l2lhs2hR"m^36Gff%==\o3=33ffffffffff33oooQzKfzztzp=o=o\%ffQi\=bp:6m:p\ifQUGpbbbX=o=o=3============i:fffffQ\\\\K:K:K:K:p\\\\ppppbfi\\b\zifffQQQQi\\\\bbbbbbppK:K:K:K:fmz:z:z:z:z:pppp\\QQQtUtUtUtUzGzGzGppppppbpXpXpXiz:pQtUzGbbi\pNo3o\6QNNfff=7f=f=%GGf//\\pp%G=ooee3o<\cMcQ c}T^W"m^)+9RRzx11IY)1))RRRRRRRRRR))YYYAljjjrjbrz>RRR1,zzR1llRz199R&&IIZZ91YYQQi)Y00QQQiqiiYXX;Y(yiH$<euXXqiiii@yqqqXXaHQQQiiij]bQX P['CPu![2*[e xzCX&)o=3no P['C&P &r!Y1)LY P['CP)o=3no P['C&P)o=3Roe xzC&X&]I(!̤PI P['ChP u![2*d[ P['CP A:@bCЀxX4A:2 cp\R_"m^*,:SS}z22K[*2**SSSSSSSSSS**[[[Collluldu}=Sudzudul_dzljj\2[2[KWWW]WP]d1C]Pqb]P]WLPbWvTTI2[2[2*222222222222V/lSlSlSlSlSwlClKlKlKlK=/=/=/=/z\uKuKuKuKz\z\z\z\jQlSuVuKuKjQuKdVlSlSlSlClClClCuVlKlKlKlKuQuQuQuQuQuQ}\}\=/=/=/=/SuYd/d/d/d/d/z\z\z\z\uKuK}lClClC_E_E_E_Ed:d:d:z\z\z\z\z\z\ujQ\H\H\HuVd/z\lC_Ed:jQjQuVuKz\N[*[K,C@@SSS2-}}S2ooS}2::S''KK\\:2[[RRk*[11RRRkskk[ZZ<[){kJ%>gwZZskkkkB{sssZZcJRRRkkklWdPZH\I\I\IlWoY2(mWgRklWaMlWs\SCYG\IhSr\lWw_s\_BZ11RVVg_]Zk___________________BBBBBBBZZZZZZZZZZZZZZZZZZZZ111111111111RRRRRRRVVVVVVVVVVVVggggggggggggggggggggl\l2lhs2hR uB SYLLABUS 1П , , X` hp x (#%'0*,.8135@8:P# ?d  dd^_ SUPREME COURT OF THE UNITED STATES #[ P['CdP# ^_  2  4Syllabus  J #GG P['CԦ^P#    #[ P['CdP#f%K uB  ddd 2RAKE v. WADE 4Syllabusf0SYLCT-A#o P['Cn&P#*  f RAKE et al. v. WADE, TRUSTEE *i/SYLCT-B- #o P['Cn&P#   fdf < certiorari to the united states court of appeals for 0the tenth circuit  uB *cSYLCT-C #[ P['CdP# df  No. 92!621. Argued March 22, 1993"Decided June 7, 1993 8bSYLCT-D#[ P['CdP#d  uB *,  d , , At the time they initiated separate Chapter 13 bankruptcy proceedings, petitioners, two pairs of debtors, and another married couple were in arrears on longterm promissory notes held by respondent Wade, which were secured by the debtors' home mortgages and did not provide for interest on arrearages. The value of the residence owned by each pair exceeded each note's outstanding balance, making Wade an oversecured creditor. In their Chapter 13 plans, the debtors proposed to make all future payments due on the notes and cure the default on the mortgages by paying off the arrearages without interest. Wade objected to each plan on the ground that he was entitled to interest and attorney's fees, but the Bankruptcy Court overruled the objections, and the District Court affirmed. The Court of Appeals reversed, holding that 506(b) of the Bankruptcy Code entitled Wade to postpetition interest on the arrearages and other charges, even if the mortgage instruments were silent on the subject  uBJ and state law would not require interest to be paid. Ƭ  uB \SYLCT-E , , ( (  *  ( ( Held:ĠWade is entitled to preconfirmation and postconfirmation interest on the arrearages that were paid off under petitioners' plans. Pp.3!11.ư  uBP 7SYLCT-F ( ( ,  T T (a)Three interrelated Bankruptcy Code provisions determine whether Wade is entitled to interest. Section 506(b) provides holders of oversecured claims with an unqualified right to postpetition interest, regardless of whether the agreement giving rise to the claim  uB, provides for interest, United States v. Ron Pair Enterprises, Inc., 489 U.S. 235, 241, until a plan's confirmation date. Section 1322(b)(2) prohibits debtors from modifying the rights of home mortgage lenders, while 1322(b)(5) authorizes debtors to cure any defaults on a longterm debt and maintain payments on the debt for the life of "1!"(( the plan. Finally, 1325(a)(5) states that ``with respect to each allowed secured claim provided for by the plan,'' a plan may be  uBn confirmed if, inter alia, the holder of the claim retains the lien, 1325(a)(5)(B)(i), and the value of the property distributed under the plan on account of such claim is not less than the claim's present dollar value as of the confirmation date, 1325(a)(5)(B)(ii). Pp. 35. T T (b)Under 506(b)'s clear language, Wade is entitled to preconfirmation interest on the arrearages. That section directs that  uB postpetition interest be paid on all oversecured claims, Ron Pair,  uBo supra, at 245, and the parties have acknowledged that such interest accrues from the petition date until a plan is confirmed. Section 1322(b)(5) does not operate to the exclusion of 506(b). While it authorizes a plan to provide for payments on arrearages to effectuate a cure after the plan's effective date, it does not dictate the cure's terms. Specifically, it gives no indication that the arrearages cured under the plan may not include interest otherwise available under 506(b). This construction of the provisions gives effect to both. Pp.6!7. T T (c)Wade is also entitled to postconfirmation interest under 1325(a)(5). There is no support for petitioners' claim that 1325(a)(5)(B)(ii) applies only to secured claims that have been modified by a Chapter 13 plan and thus does not apply to home mortgages which, under 1322(b), are exempt from modification. The plans essentially split each of Wade's claims into two claims"the underlying debt and the arrearages. While payments on the underlying debt were simply ``maintained,'' each plan treated the arrearages as a distinct claim to be paid off within the life of the plan pursuant to its repayment schedule. Thus, the arrearages, which are part of Wade's home mortgage claims, were ``provided for'' by the plans, and he is entitled to interest under 1325(a)(5)(B)(ii). Other provisions of Chapter 13 containing the phrase ``provided for by the plan'' make clear that petitioners' plans provided for Wade's claims.  uB See United Savings Assn. of Texas v. Timbers of Inwood Forest  uB Associates, Ltd., 484 U.S. 365, 371. Pp.7!10. m*SYLCT-G , , ,  N*  , , 968 F.2d 1036, affirmed.Ƭ  uB/ cSYLCT-H , , ( (  /  Thomas, J., delivered the opinion for a unanimous Court.