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19 Jun Another Appeals Court Approves 2nd Mortgage Stripping in Chapter 20 Cases

The U.S. Court of Appeals, Eleventh Circuit, ruled that in a chapter 13 case filed within four years of a previous chapter 7 case (a so-called "chapter 20"), the chapter 13 plan could strip a completely unsecured junior mortgage. Wells Fargo Bank v. Scantling, No....

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22 May Minnesota Property Tax Refunds Not Exempt in Bankruptcy, Appeals Court Says

Reversing the Minnesota bankruptcy court, an intermediate federal appeals court ruled that a property tax refund owed to a bankrupt homeowner cannot be claimed exempt.Manty v. Johnson (In re Johnson), No. 13-6050 (8th Cir. BAP April 22, 2014). The appeals court said that the bankruptcy court...

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18 May Let it Go! What A Great Bankruptcy Theme Song!

[caption id="attachment_45834" align="alignleft" width="300"]Let it go! Let the debt go![/caption] I can't think of a more appropriate theme song for those in a financial crisis than Let it go from the movie Frozen. A theme song sets the tone or mood for what is about to come. Walt Disney has a history of providing life lessons through entertainment so it is no surprise Frozen and Let it go follow in this tradition. The lesson in Frozen is to "Let it go" as all too often trying to be the "perfect girl" creates a ripple effect of sleepless nights and crushing debt. The more you try to become perfect, the more you discover just how unrealistic this sense of perfection is and the only way to stop this behavior is to LET IT GO!
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