Should Underwater Junior Liens Survive Bankruptcy? - JD Supra (press...

04/02/15

Should Underwater Junior Liens Survive Bankruptcy?
JD Supra (press release)
Timm: that is, does section 506 of the Bankruptcy Code void, i.e., “strip off” a valid junior mortgage lien in a chapter 7 case if the mortgage loan is completely underwater. These cases involve the treatment in chapter 7 bankruptcy cases of ...