Supreme Court Hears Oral Argument in Ch. 7 Lien Stripping Cases

Posted by NCBRC - March 24, 2015

Today, the Supreme Court heard oral argument in Bank of America, N.A. v. Caulkett and Bank of America, N.A., v. Toledo-Cardona.  At issue is whether chapter 7 debtors may strip off junior mortgages where there is no value in the collateral to support the junior lien.  Here’s the transcript.  Well worth the read!


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