Associates Financial Services Corp. v. Purdue (In Re Purdue)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• allowing a stripoff of non-purchase-money mortgage debt secured by a security interest in the debtor’s principal residence
• allowing strip off under § 506(a), holding that second mortgagees claim does not include secured claim component where value of residence is less than senior mortgage lien

Source: CourtListener parenthetical corpus (CC0).