
CLIENT ALERT: Supreme Court Rules Second Mortgages are NOT Voidable in Chapter 7 Bankruptcy
Wednesday, 10 June 2015
by shumakeradmin
By: Marty B. Ellis On June 1, 2015, in two consolidated cases (Bank of America, N. A. v. Caulkett and Bank of America, N. A. v. Toledo-Cardona), the Supreme Court of the United States ruled that in a bankruptcy liquidation Chapter 7 proceeding, the debtor cannot void a second mortgage when the value of the
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