The avoidance or "lien stripping" of "underwater" second or other junior liens has been much in the news lately since the U.S. Supreme Court's ruling in the Bank of America cases. The Court held that wholly underwater second or ... Read full article
Yesterday the U.S. ... Read full article
Two days, two chapter 7 section 506 decisions by the the 11th Circuit Court of Appeals. On September 29, 2014, the Court issued its decision in In re Phillip, 2014 WL 4802758 (11th Cir. Sept. 29, 2014)(not selected for publication). On September 30, ... Read full article
Yesterday, June 18, 2014, the 11th Circuit Court of Appeals issued its decision in the case of Wells Fargo Bank, N.A. vs. ... Read full article
A Central Illinois Bankruptcy Court Judge ruled the trustee who oversees administration of a bankruptcy case can avoid mortgage liens that do not comply with an Illinois law that requires the mortgage contain notice of the interest rate, loan amount and ... Read full article
