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Bank Of America, N. A. V. Caulkett
''Bank of America, N. A. v. Caulkett'', 575 U.S. 790, 135 S. Ct. 1995 (2015), is a bankruptcy law case decided by the Supreme Court of the United States on June 1, 2015. In ''Caulkett'', the Court held that 11 U.S.C. ยง 506(d) does not permit a Chapter 7, Title 11, United States Code, Chapter 7 debtor to void a junior mortgage law, mortgage on the debtor's property when the amount of the debt secured by the senior mortgage on that property exceeds the property's current market value., 135 S. Ct. 1995, 1998 (2015). Background "Allowed Secured Claims" in Bankruptcy Statutory Provisions Section 506(d) of the Title 11 of the United States Code, Bankruptcy Code provides, as a general rule, "[t]o the extent that a lien secures a claim against the debtor that is not an ''allowed secured claim'', such lien is void." As used in the Bankruptcy Code, the term "claim" includes any "right to payment," and the term "lien" means a "charge against or interest in property to secure payment of a deb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westlaw
Westlaw is an online legal research service and proprietary database for lawyers and legal professionals available in over 60 countries. Information resources on Westlaw include more than 40,000 databases of case law, state and federal statutes, administrative codes, newspaper and magazine articles, public records, law journals, law reviews, treatises, legal forms and other information resources. Most legal documents on Westlaw are indexed to the West Key Number System, which is West's master classification system of U.S. law. Westlaw supports natural language and Boolean searches. Other significant Westlaw features include KeyCite, a citation checking service, which customers use to determine whether cases or statutes are still good law, and a customizable tabbed interface that lets customers bring their most-used resources to the top. Other tabs organize Westlaw content around the specific work needs of litigators, in-house corporate practitioners, and lawyers who specializ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |