In June, the US Supreme Court decided the case of debtors in bankruptcy desirous of stripping off a lender’s real estate lien that was fully in excess of the fair market value of the real estate. The Supreme Court unanimously...more
7/23/2015
/ Bank of America v. Caulkett ,
Bankruptcy Code ,
Chapter 7 ,
Consumer Lenders ,
Dewsnup ,
Fair Market Value ,
Lien Stripping ,
Mortgage Lenders ,
SCOTUS ,
Secured Debt ,
Underwater Homeowners ,
Unsecured Debt
When terminating a financing statement, it is necessary to be certain that other financing statements are not unintentionally released, according to an opinion last week of the Second Circuit Court of Appeals. The effect of...more