Salyersville National Bank v. Jackie Bailey
Court of Appeals for the Sixth Circuit
1Opinion of the Court
OPINION
SUTTON, Circuit Judge.
Jackie and Peggy Bailey fell on hard times, forcing them to seek protection from their creditors through the bankruptcy laws. In the course of the bankruptcy proceeding, they signed a reaffirmation agreement with their mortgage lender, which allowed them to stay in their home, obligated them to continue making their full mortgage payments after the bankruptcy and was premised on the assumption (later proved false) that the lender had properly perfected the mortgage. Because the parties premised the contract on a mutual mistake — that the bank was a secured…
2Cases cited21 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Katchen v. LandySupreme Court of the United States · 1966
- In Re Charles Ellsworth Krohn AKA Charles E. Krohn, Appellant/debtorCourt of Appeals for the Sixth Circuit · 1989
- Williams v. GlashTexas Supreme Court · 1990
- David J. Pertuso, Karen A. Pertuso v. Ford Motor Credit CompanyCourt of Appeals for the Sixth Circuit · 2000
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3Cited by8 opinions
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- David Bradford ThackerUnited States Bankruptcy Court, E.D. Tennessee · 2021
- In re VillarrealUnited States Bankruptcy Court, S.D. Ohio · 2016
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