Interesting 9th Cir BAP case regarding challenging secured status of a mortgage lender
Posted: Wed Nov 26, 2014 4:40 pm
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It seems to me that to the extent the now unsecured amount exceeds the homestead exemption and there are no priority debts eating it up, the liquidation test amount goes up and the unsecureds are singing the hallelujah chorus all the way to the bank.
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green, Attorneys at Law
1010 E. Union St. Suite 206
Pasadena, CA 91106
Tel: (626) 449-8433
Fax: (626) 449-0565
pat@fitzgreenlaw.com
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