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Newbie Summer Reading: Dewsnup

By Cathy Moran, Esq. Filed Under: Bankruptcy Practice

Ever wonder why we can’t strip off unsecured consensual liens in Chapter 7? Meet Mrs. Dewsnup who filed Chapter 7 and sought to reduce the claim of a junior secured lender on a piece of Utah  farmland to the value of the portion of the land available to secure the mortgage.  Mrs. Dewsnup went 0-4, […]

Filed Under: Bankruptcy Practice Tagged With: learning bankruptcy law, lien stripping, secured claims

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