Lien Stripping in a Chapter 7 allowed in 11th Circuit. . .

[despritfreya]

This just came across my desk. Have not read it yet but thought I would post a link. Hope it works. May come back to this issue later.

http://www.ncbrc.org/blog/2012/05/12/circuit-court-permits-strip-off-in-chapter-7/

Des.

[tobee43]

i suspect that mortgage companies will mount challenges to lien stripping on 7's, one would surely think... should be more to come on this one!

[spidge]

Hopefully this comes our way, but I am not holding my breath. In cases where there are no funds (disposable income) available to the creditor in a 13 this should be a slam dunk. Of course its easy for me to state it that way as I would be included, so I wonder what facts swayed the decision.