Legal Opinion
In Re: Terry R. Talbert and Lahna L. Talbert, Debtors. Terry R. Talbert and Lahna L. Talbert v. City Mortgage Services
Court of Appeals for the Sixth Circuit
Decided September 24, 2003No. 02-1845PublishedCited by 44 opinions
1Opinion of the Court
OPINION
SILER, Circuit Judge.
This bankruptcy appeal presents purely a legal question that has split the bankruptcy and federal district courts, namely, whether a debtor who has filed for Chapter 7 bankruptcy may avoid a valueless hen under § 506(d) of the Bankruptcy Code, 11 U.S.C. § 506(d). Because the Supreme Court’s reasoning in Dewsnup v. Timm, 502 U.S. 410, 112 S.Ct. 773, 116 L.Ed.2d 908 (1992), applies with equal force and logic to the issue at hand, we hold that a Chapter 7 debtor may not use § 506 to “strip off’ an allowed junior hen where the senior hen exceeds the fair market value…
2Cases cited21 opinions
- Dewsnup v. TimmSupreme Court of the United States · 1992
- Johnson v. Home State BankSupreme Court of the United States · 1991
- Farrey v. SanderfootSupreme Court of the United States · 1991
- Richard Allgeier, Maria D. Boldrick, Intervening v. United StatesCourt of Appeals for the Sixth Circuit · 1990
- Emil v. HanleySupreme Court of the United States · 1943
16 more not listed; retrieve them via the Exa API.
3Cited by44 opinions
- Hamerly v. Fifth Third Mortgage Co. (In Re J & M Salupo Development Co.)Bankruptcy Appellate Panel of the Sixth Circuit · 2008
- In Re CormierUnited States Bankruptcy Court, W.D. Michigan · 2008
- Morris v. St. John National BankCourt of Appeals for the Tenth Circuit · 2008
- In Re GerardinUnited States Bankruptcy Court, S.D. Florida. · 2011
- Lorraine McNeal v. GMAC Mortgage, LLCCourt of Appeals for the Eleventh Circuit · 2012
39 more not listed; retrieve them via the Exa API.