Category Archive for: ‘Financial Institution’

Creditors Holding Underwater Secured Claims in Bankruptcy Thrown Lifeline by SCOTUS

On June 1, 2015, the Supreme Court of the United States (“SCOTUS”) issued its opinion for a pair of cases, which yielded a favorable holding for secured creditors in bankruptcy.  The cases of Bank of America, N.A. v. Caulkett and Bank of America, N.A. v. Toledo-Cardona involved debtors who were in Chapter 7 bankruptcy and who each owned a home …

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