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Petition of the day

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The petition of the day is:

13-700

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.

Cases: Bank of America, N.A. v. Sinkfield

Recommended Citation: Mary Pat Dwyer, Petition of the day, SCOTUSblog (Mar. 26, 2014, 12:00 AM), https://www.scotusblog.com/2014/03/petition-of-the-day-576/