Supreme Court to Rule on Underwater Second Mortgage Bankruptcy Code ...

03/26/15

Supreme Court to Rule on Underwater Second Mortgage Bankruptcy Code
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While homeowners are allowed to wipe out their second mortgage in a Chapter 13 bankruptcy, normally they aren't allowed to do so in a Chapter 7. However, in the case of Bank of America v. Caulkett, the 11th Circuit Court of Appeals said that stripping ...