Reaffirming its 1992 decision in Dewsnup v. Timm, on June 1, 2015, the U.S. Supreme Court in Bank of America v. Caulkett, No. 13-1421, once again ruled that a chapter 7 debtor may not void a junior lien under Bankruptcy Code...more
6/13/2015
/ Bank of America v. Caulkett ,
Chapter 11 ,
Chapter 7 ,
Consumer Bankruptcy ,
Dewsnup ,
Foreclosure ,
Junior Liens ,
Lien Stripping ,
Liens ,
Mortgages ,
SCOTUS ,
Section 506 ,
Secured Debt ,
Underwater Homeowners
A pair of recent decisions by the Ninth Circuit in In re Mortgages Ltd. underscore the power of the equitable mootness doctrine and the importance of obtaining stays of bankruptcy court orders to avoid having appeals of the...more