Banks Rejoice as Court gives Bad news to the “underwater” homeowners

By |2017-08-31T20:42:40+00:00June 2nd, 2015|Bankruptcy, Debtor-Creditor Litigation|

While we are not talking about Jacques Cousteau, nor the flooding in Texas and Louisiana, it is something that effects many many homeowners across the country.   Several months ago, the US Supreme Court heard oral argument in Bank of America v. Caulkett. The issue is whether in a bankruptcy liquidation (a Chapter 7), the debtor [...]

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