Summary:

The bankruptcy court found that the lack of financial distress does not deprive  it of subject matter jurisdiction.

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Abstract:

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Summary:

The Longphres  loaned KT Financial $330,000 by two separate promissory notes with 30% interest  and specified “[a]ll accrued interest and unpaid principal” was due one year after the notes were executed.  The notes also allowed the Longphres to collect attorney's fees pursuant to N.C.G.S. § 6-21.2 if KT Financial defaulted.  

Surprise twist-  KT Financial defaulted.

Summary:

There's an argument that Chapter 13 Trustees should, at least in  some plans,  be sending debtors  1098s.  

From the IRS instructions:

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