Debtor Can 'Strip Off' Mortgages In Ch. 20, 11th Circ. Say...

06/18/14

Debtor Can 'Strip Off' Mortgages In Ch. 20, 11th Circ. Says
Law360 (subscription)
Law360, Los Angeles (June 18, 2014, 7:21 PM ET) -- The Eleventh Circuit on Wednesday ruled that a debtor can lawfully “strip off” an unsecured junior mortgage in a so-called Chapter 20 bankruptcy case, affirming a bankruptcy court's order extinguishing ...