Anthony Napolitano

Anthony Napolitano

Buchalter Nemer

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The Supreme Court Prohibits Chapter 7 Debtors From Stripping Off Wholly Underwater Liens in Bankruptcy

On June 1, 2015, the United States Supreme Court in Bank of America, N.A. v. Caulkett, 575 U.S. ____ (2015), unanimously held that a Chapter 7 debtor cannot strip off wholly “underwater” liens secured by the debtor’s...more

6/3/2015 - Bank of America v. Caulkett Chapter 11 Chapter 7 Consumer Bankruptcy Creditors Debtors Dewsnup Dischargeable Debts Junior Liens Lien Stripping Mortgages Popular SCOTUS Underwater Homeowners

Motor City Cruises Into Bankruptcy

On July 18, 2013, the City of Detroit, Michigan commenced a bankruptcy case under chapter 9 of the Bankruptcy Code as a result of over $18 billion dollars in accrued obligations and dwindling revenue sources. Since the...more

7/23/2013 - Chapter 9 Deficit Reduction Detroit Economic Downturn Municipal Bankruptcy

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