Legal Opinion
Woolsey v. Citibank, N.A.
Court of Appeals for the Tenth Circuit
Decided September 4, 2012No. 11-4014PublishedCited by 26 opinions
1Opinion of the Court
GORSUCH, Circuit Judge.
Like so many these days, Stephanie and Kenneth Woolsey owe more money on their home than it’s worth. In fact, the value of their home doesn’t come close to covering the balance due on their first mortgage, much less the amount they owe on a second. And it’s that second mortgage, held by Citibank, at the center of our ease. After the Woolseys sought shelter in bankruptcy, they prepared a Chapter 13 repayment plan. In their plan, they took the position that the bankruptcy code voids Citibank’s lien because it is unsupported by any current value in the home. Naturally,…
2Cases cited40 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
- Brown v. AllenSupreme Court of the United States · 1953
- Dewsnup v. TimmSupreme Court of the United States · 1992
- Ratzlaf v. United StatesSupreme Court of the United States · 1994
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3Cited by26 opinions
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