BofA Takes Ch. 7 Junior Lien Fight To Top Court

Law360, New York (November 17, 2014, 1:07 PM EST) -- The U.S. Supreme Court on Monday agreed to address what Bank of America NA calls a split between the Eleventh Circuit, which has allowed Chapter 7 debtors to rid themselves of junior liens — usually the result of second mortgages — on their underwater homes, and other federal circuits that have allowed such liens to survive.

The nation's high court in Washington, D.C., agreed to hear two cases, Bank of America v. David B. Caulkett and Bank of America v. Edelmiro Toledo-Cardona, from the Eleventh Circuit after the bank argued the circuit departed from Supreme Court guidance and from rulings in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!