Legal opinions – US District, Maryland 

Posted: 1:00 am Mon, October 5, 2009
By admin

Bankruptcy LawAnti-modification protectionBOTTOM LINE: Where the first lien on a residence exceeded the equity remaining in the home, the bankruptcy court correctly determined that the secondary lien is wholly unsecured, and, as such, the secondary lienholder’s interests may be modified by the Chapter 13 plan pursuant 11 U.S.C §1322(b)(2).CASE: First Mariner Bank v. Steven R. ...