By Eric K. Fox, Esq. (Hendersonville, TN) Jane Debtor has a home with a mortgage. An unsecured creditor obtains a judgment against Jane for, say, a credit card debt. Creditor’s attorney records a certified copy of the judgement order with the county register of deeds, thereby converting the unsecured claim against Jane in personam, to a secured claim against her...
Critical Case Comment – In re Zimmerli v. Ocwen Loan Servicing LLC, 2010 WL 268093 (Bankr. N.D. Tex. June 22, 2010) (Hale)
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In re Zimmerli v. Ocwen Loan Servicing LLC, 2010 WL 268093 (Bankr. N.D. Tex. June 22, 2010) (Hale)
Whether an arbitration clause is to be enforced by a bankruptcy court depends upon whether arbitration would jeopardize the objectives of the Bankruptcy Code.
Summary of the Case
When the debtors filed their Chapter 13 plan, Household Bank held the mortgage on their home. This mortgage was subsequently transferred to Fairbanks Capital Bank and then transferred to Ocwen . . .
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