'Chapter 20' Debtors Can Strip Junior Liens, 9th Circ. Says

By Jonathan Randles (July 10, 2015, 5:43 PM EDT) -- A Ninth Circuit bankruptcy panel ruled Thursday that distressed homeowners who convert from Chapter 7 to Chapter 13 bankruptcy can strip wholly unsecured junior liens, joining a growing number of circuits that ruled the Bankruptcy Code permits "Chapter 20" debtors this lien avoidance....

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