Mortgage Issues In Bankruptcy

05 Sep Appeals Court Decision Against Chapter 13 Lien Stripping Not What It Seems

The U.S. Court of Appeals, Tenth Circuit, recently issued its ruling in Woolsey v. Citibank, No. 11-4014 (10th Cir. Sept. 4, 2012), holding that under bankruptcy code section 506(d), a chapter 13 debtor may not "strip off" a completely unsecured junior mortgage against homestead real...

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