Legal Opinion
In Re Barrett
United States Bankruptcy Court, D. Maine
Decided May 29, 2007No. 06-20294PublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
JAMES B. HAINES, JR., Bankruptcy Judge.
The debtors’ motion to avoid a judicial lien against their home is before me on a stipulated record. The lienor’s objection presents a novel issue: whether a prepayment penalty secured by a mortgage on the Debtors’ homestead should be considered when determining the amount of “all other liens on the property” for the purposes of § 522(f)(2)(A)(ii). Because I conclude that the prepayment penalty is a cognizable component of the claim secured by an unavoidable mortgage, the judicial lien impairs the Debtor’s homestead exemption and…
2Cases cited12 opinions
- Garran v. SMS Financial V, LLC (In Re Garran)Court of Appeals for the First Circuit · 2003
- East Cambridge Savings Bank v. Silveira (In Re Silveira)Court of Appeals for the First Circuit · 1998
- Wilding v. CitiFinancial Consumer Financial Services, Inc.Court of Appeals for the First Circuit · 2007
- In Re RehbeinUnited States Bankruptcy Court, D. Massachusetts · 1985
- In Re BetzUnited States Bankruptcy Court, D. Massachusetts · 2002
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Young v. Camelot Homes, Inc. (In Re Young)United States Bankruptcy Court, D. Maine · 2008
- In Re LevinsonUnited States Bankruptcy Court, E.D. New York · 2007
- Levinson v. R & E PROPERTY CORP.District Court, E.D. New York · 2008
- In Re HeaneyUnited States Bankruptcy Court, E.D. New York · 2011
- Pearson v. Security Properties, LLC (In Re Pearson)United States Bankruptcy Court, D. Colorado · 2010
1 more not listed; retrieve them via the Exa API.