By David Cox,1 Cox Law Group, PLLC (Lynchburg, VA) Overview Filing considerations. Perfect Storm! Pensions going down. Healthcare costs going up. Home Equity high. Medical debts increasing. Limited income. Common considerations. Embarrassment. Many of the elderly are from a generation which regards bankruptcy as an indication of moral failure and shame. Confidentiality. May not want family members, including a spouse,...
Critical Case Comment
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By Henry E. Hildebrand, III, Chapter 13 Trustee for the Middle District of Tennessee, Nashville, TN
A Chapter 13 debtor need not receive a discharge in order to effect a lien avoidance; when the court has disallowed a secured claim, 506(d) permits the stripping of any lien asserted to support that claim. HSBC Bank v. Blendheim (Matter of Blendheim), 2015 WL 5730015 (9th Cir. October 1, 2015) (Bybee)
Case Summary
In 2007, the Blendheims filed a Chapter 7 bankruptcy receiving a discharge in 2009. The day after they received their Chapter 7 discharge . . .
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