Smith v. Pritchett

Filing 920091106

Opinion

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var WPFootnote1 = 'Of the District of Massachusetts, sitting by designation.\
'

var WPFootnote2 = 'The Bankruptcy Code states that a Chapter 13 Plan shall "provide\
for the full payment, in deferred cash payments, of all claims\
entitled to priority under Section 507 of this title, unless the\
holder of a particular claim agrees to a different treatment of\
such claim." 11 U.S.C. § 1322(a)(2).\
'

var WPFootnote3 = '"When a debtor declares bankruptcy, each of its creditors is\
entitled to file a proof of claim-i.e., a document providing proof\
of a right to payment-against the debtor\'s estate." Travelers Cas.\
and Sur. Co. of America v. Pacific Gas and Elec. Co., 549 U.S. 443,\
449 (2007) (internal quotations omitted); see also 11 U.S.C. § 101\
(5)(A).\
'

var WPFootnote4 = 'At oral argument and in response to this Court\'s question,\
Pritchett argued that the fee was intended to compensate her for\
the time value of her alimony payments, and the cost of procuring\
interim financing while her alimony payments were outstanding. \
This court will generally "not consider an issue raised for the\
first time at oral argument," Piazza v. Aponte Roque, 909 F.2d 35,\
37 (1st Cir. 1990), but our holding in this case would not be\
different even if Pritchett had advanced this position in her\
brief.\
'

var WPFootnote5 = 'This part of the Agreement read, in relevant part:\
\
              All alimony payments shall be due in funds available to\
the Wife on or before the first of each month, and shall\
be subject to a late payment penalty in the amount of\
$50.00 for each day after the first of each month upon\
which they are received by or become available to the\
Wife.\
'

var WPFootnote6 = 'This was a position that was not advanced by Pritchett, as noted\
above, but which we consider here only for the sake of argument.\
'

var WPFootnote7 = 'Massachusetts provides statutory interest for judgments\
precisely to mitigate the incremental costs arising from late\
payments. See Osborne v. Biotti, 533 N.E.2d 1341 (1989).\
'

var WPFootnote8 = 'We clarify that our holding today does not speak to the validity\
of the Agreement between the parties. Our decision only affects\
the treatment of Pritchett\'s claim in bankruptcy.\
'

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