Bank of America, N. A. v. Caulkett

How courts have described this case

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

• in chapter 7 case, junior mortgage lien survives bankruptcy regardless of whether there is sufficient value in collateral to satisfy any portion of junior mortgage lien if collateral liquidated
• a debtor in a Chapter 7 bankruptcy proceeding may not “strip off” or void a junior mortgage lien pursuant to section 506(d) when the debt owed on a senior mortgage lien exceeds the present value of the property
• “[A] claim filed by a creditor is deemed ‘allowed’ under § 502 if no interested party objects or if, in the case of an objection, the Bankruptcy Court determines that the claim should be allowed under the Code.” (citing 11 U.S.C. § 502 (a)-(b))

Source: CourtListener parenthetical corpus (CC0).