Supreme Court Declares 2nd Liens Can't be Stripped in Chapter 7 Bankruptcy
Written By: Emil Fleysher | June 10, 2015 |
Bankruptcy
Banks win out after the Supreme Court ruled on Monday. They state that homeowners cannot rid themselves of a second mortgage by filing for bankruptcy protection. All nine Supreme Court justices unanimously agreed that filing for Chapter 7 bankruptcy will not void a junior mortgage lien. This is when the amount owed by the senior
Read More