Petition of the day
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.
Recommended Citation: Mary Pat Dwyer, Petition of the day, SCOTUSblog (Mar. 25, 2014, 10:57 PM), http://www.scotusblog.com/2014/03/petition-of-the-day-576/