Stripping Off Junior Mortgages Now Barred in Chapter 7 Bankruptcy Ca...

07/01/15

Stripping Off Junior Mortgages Now Barred in Chapter 7 Bankruptcy Cases
JD Supra (press release)
The Supreme Court has unanimously decided that debtors are prohibited from stripping off junior mortgage liens in Chapter 7 bankruptcy cases. Lien stripping is where a bankruptcy court relieves a debtor of his second mortgage because the value of the ...