The petition of the day is:


Issue: Whether section 506(d) of the Bankruptcy Code permits a chapter 7 debtor to “strip off” a junior mortgage lien in its entirety when the outstanding debt owed to a senior lienholder exceeds the current value of the collateral.

Posted in Bank of America, N.A. v. Sinkfield, Cases in the Pipeline

Recommended Citation: Mary Pat Dwyer, Petition of the day, SCOTUSblog (Mar. 25, 2014, 10:57 PM),