Court Decides Unsecured Liens Cannot be Wholly Voided in Chapter 7

In two cases involving the Bank of America in 2015, the Supreme Court held that even multiple mortgages on the same property (each is known as a junior lien mortgage), cannot be void in a Chapter 7 Bankruptcy debt if the value of collateral securing the debt is less than the outstanding indebtedness owed on …

Court Decides Unsecured Liens Cannot be Wholly Voided in Chapter 7 Read More »