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High Court Takes Ch. 7 Lifeline From Underwater Debtors

By Jonathan Randles (June 1, 2015, 8:25 PM EDT) -- The U.S. Supreme Court handed commercial lenders a major victory Monday in ruling Chapter 7 debtors can't rid themselves of underwater mortgages, extending the scope of a controversial ruling that has prevented struggling homeowners from using the U.S. Bankruptcy Code to get out from under property liens....

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