High court rules 2nd mortgages can’t be voided in bankruptcy

The second most important is where a pretrial or post-trial matter cannot be effectively and timely addressed by a judge of the court. bankruptcy code permits the appointment of a trustee or.

The Supreme Court refuses to overturn precedent and allow. Debtors Can't Void Underwater Mortgages In Bankruptcy, Supreme Court Rules.

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Today’s mortgage costs and health insurance costs and day-care costs mean that today’s families can’t survive on one income and use the second income for. don’t have that latte. Americans are.

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These courts allow strip-off by a contested matter such as a Bankruptcy Rule. II . Judicial Confusion Concerning the Procedure Required to Strip Off a Lien.. They find that creditors should be afforded a high degree of notice, as in an. motion which sought to void the bankruptcy court's order confirming Espinosa's plan.

Then I’d like to hear you tell me why Congress should or shouldn’t pass new rules giving bankruptcy court judges the power to rewrite mortgages. Last year was. Even those who want something can’t.

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Can you remove a lien on real estate in a Chapter 7 bankrupt Washington – A unanimous Supreme Court says homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the first mortgage. The justices on Monday ruled in favor of Bank of America in two Florida cases where bankrupt homeowners wanted to "strip off" a second loan because they were underwater on the primary mortgage.

"Regulators still haven’t completed key parts, including standards for the mortgage-securities market and tougher regulations for credit-rating firms. Turnover and lost court battles have. are.

The two reports she wrote, which she said she can’t discuss because they are. and filed a report with the court in July 2009. She said she was paid $50,000 for one report and $40,000 for a second.