In Re Michael E. Kurth, Debtor. Alaska Housing Finance Corporation v. Michael K. Kurth

980 F.2d 737 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re Michael E. KURTH, Debtor. ALASKA HOUSING FINANCE CORPORATION, Appellant, v. Michael K. KURTH, Appellee. No. 91-35470. United States Court of Appeals, Ninth Circuit. Argued and Submitted Aug. 20, 1992. Submission Deferred Sept. 1, 1992. Resubmitted Dec. 8, 1992. Decided Dec. 9, 1992. Before HUG, D.W. NELSON and T.G. NELSON, Circuit Judges. 1 MEMORANDUM * 2 Alaska Housing Finance Corporation (AHFC) appeals the district court judgment affirming the bankruptcy court's confirmation of Chapter 13 debtor Michael Kurth's bankruptcy plan. We affirm. 3 On July 29, 1985, Kurth obtained a $90,000 loan from Alaska Mutual Bank in order to purchase a house in Anchorage. As security, Kurth executed a promissory note and deed of trust to the bank which subsequently assigned the obligation to appellant AHFC. At the time Kurth filed his Chapter 13 petition, he owed approximately $88,000 to AHFC. Because of a downturn in the…