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

WASHINGTON – The Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home’s market value has dropped below the amount they owe.

The Supreme Court dealt with the issue whether a debtor can void a second mortgage that is completely underwater or when the property is worth less than the first mortgage. The high court said that the second mortgage may not be voided if it is not a disallowed secured claim as defined under Section 502 of the Bankruptcy Code.

It doesn’t get cancelled out after 10, 20 or even 30 years and you can’t free yourself from it by declaring bankruptcy. mortgage. A few months ago, his lawyer – Sharon Dietrich – disputed his debt.

A unanimous Supreme court ruled monday that homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the primary mortgage. The justices ruled in two Florida cases that bankrupt homeowners can’t "strip off" a second loan even if they are underwater on the first loan.

A unanimous Supreme Court ruled Monday that homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the primary mortgage.

nameless ruthlessness And then the cruelty of housekeepers, and the ruthlessness of housemaids! She was still afraid of life, of its ruthlessness, its danger and mystery. But a woman’s ruthlessness was outwitted by a woman’s cunning. There was, indeed, in Geoffreys ruthlessness an element of cruel glee.

Answer: Any person who is indebted by mortgage on real estate may apply to the presiding judge or any court of general sessions and common pleas to be held in the county in which the mortgage on real estate is recorded for a rule to show cause why satisfaction must not be entered thereon.

WASHINGTON (AP) – A unanimous Supreme Court ruled Monday that homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the primary mortgage. The justices ruled in two Florida cases that bankrupt homeowners can’t "strip off&q.

How bankruptcy works. A creditor can also have you declared bankrupt through a “creditor’s petition” at the High Court, if you owe them at least $1000, and certain other requirements are met. You’ll be able to present your case. If the facts are simple, it can happen quickly – within a few minutes, in many cases.

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