U.S. Supreme Court to Hear Chapter 7 Junior Mortgage “Lien Strip” Case

On March 24, 2015, the U.S. Supreme Court will hear oral arguments in two cases involving whether a chapter 7 debtor may strip off a second (or any junior) mortgage that is not secured by the home’s actual market value. In Bank of America, N.A. v. Toledo-Cardona, No. 14-163, the market value of the chapter […]

from Bankruptcy Information

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