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Tag Archives: Secured Debt

SCOTUS Re-affirms Limit on Bankruptcy Relief

By Gary Carnal |

According to the New York Times, recently the Supreme Court ruled that homeowners who declare Chapter 7 bankruptcy will be unable to void second, unsecured mortgages on their underwater homes. The ruling clarifies existing limits on how bankruptcy affects certain debts and the ability for debtors to discharge or minimize their debt through the… Read More »

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