Goldgar Approves Lien Stripping without Discharge

Posted by NCBRC - August 15, 2011

On June 24, 2011, Judge Goldgar from the Bankruptcy Court for the Northern District of Illinois agreed with a growing number of courts that have concluded a discharge is not necessary to strip off a wholly underwater junior mortgage.  There is no written decision, but a copy of the transcript is available here.  The case is Anderson v. Harris, No. 10-A-02467 (Bankr. N.D. Ill.)

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