The petitions of the day are:

13-1421

Issue: Whether, under Section 506(d) of the Bankruptcy Code, which provides that “[t]o the extent that a lien secures a claim against the debtor that is not an allowed secured claim, such lien is void,” a chapter 7 debtor may “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.

14-163

Issue: Whether, under Section 506(d) of the Bankruptcy Code, which provides that “[t]o the extent that a lien secures a claim against the debtor that is not an allowed secured claim, such lien is void,” a chapter 7 debtor may “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. Toledo-Cardona, Bank of America, N.A. v. Caulkett, Cases in the Pipeline

Recommended Citation: Maureen Johnston, Petitions of the day, SCOTUSblog (Oct. 31, 2014, 10:14 PM), http://www.scotusblog.com/2014/10/petitions-of-the-day-24/