Mealey's Bankruptcy - U.S. Supreme Court Will Not Hear Bankruptcy Lien Case Brought By Bank Of America

Mealey's Bankruptcy - U.S. Supreme Court Will Not Hear Bankruptcy Lien Case Brought By Bank Of America

WASHINGTON, D.C. - The U.S. Supreme Court on March 31 said it would not hear a case in which Bank of America had argued that the high court needed to resolve a split at the federal appellate level dealing with whether a Chapter 7 debtor may "strip off," or void, a valid junior lien on his house when the debt owed to a senior lienholder exceeds the house's current value (Bank of America v. David L. Sinkfield, No. 13-700, U.S. Sup.).

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