Legal Opinion

In Re Jennings

United States Bankruptcy Court, N.D. Georgia

Decided July 11, 2011No. 19-51762PublishedCited by 25 opinions

1Opinion of the Court

MEMORANDUM OPINION ON CHAPTER 20 LIEN STRIPPING

C. RAY MULLINS, Bankruptcy Judge.

Introduction

The issue before the Court is whether a “chapter 20 debtor” — a debtor who is ineligible for a chapter 13 discharge pursuant to section 1328(f) of the Bankruptcy Code because of a recent chapter 7 discharge— may strip off 1 the lien of a wholly underwater second mortgage (“lien stripping”). For the reasons set forth herein, the Court finds that if the plan is filed in good faith, a chapter 20 debtor may strip off such a lien in a chapter 13 plan.

Procedural Posture

Nancy Whaley, the chapter 13 trustee…

2Cases cited26 opinions

  1. Dewsnup v. TimmSupreme Court of the United States · 1992
  2. United Student Aid Funds, Inc. v. EspinosaSupreme Court of the United States · 2010
  3. Johnson v. Home State BankSupreme Court of the United States · 1991
  4. Nobelman v. American Savings BankSupreme Court of the United States · 1993
  5. Long v. BullardSupreme Court of the United States · 1886

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3Cited by25 opinions

  1. Fisette v. Keller (In Re Fisette)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2011
  2. Mele v. Bank of America Home Loans (In re Mele)United States Bankruptcy Court, N.D. Georgia · 2013
  3. In Re MillerUnited States Bankruptcy Court, E.D. New York · 2011
  4. Frazier v. REAL TIME RESOLUTIONS, INC.District Court, E.D. California · 2012
  5. Orkwis v. MERS (In Re Orkwis)United States Bankruptcy Court, E.D. New York · 2011

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