Keeping Current

Combest, Christopher
May 2013
Business Law Today;May2013, Vol. 22 Issue 5, p1
The article presents information on homeowner bankruptcy cases with reference to the U.S. Supreme Court, in Dewsnup v. Timm case ruling. The ruling has barred Chapter 7 debtors from stripping down partially-secured claim of creditors to the value of the collateral securing it. An unanimous panel of the Eleventh Circuit Court of Appeals has recently found Dewsnup to be irrelevant when applied to a junior lien.


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