Legal News for Credit Union Managers Since 1990
« Fatally Defective Foreclosure Acceleration Notice
Cram-Down Plan Amendment Denied »
23
Oct
2020

Reinstatement of Lien Denied

Court denies reinstatement of lien denied in this case when CoreStates Bank inadvertently released a secured lien it held on debtor’s Mercedes automobile. The release took place after the debtor filed a Chapter 13 bankruptcy.

CoreStates attempted to reinstate the lien and requested the bankruptcy court to enforce imposition of the mistakenly released lien.

The bankruptcy court denied the request of the bank, resulting in a totally unsecured debt with a balance owing of more than $18,000.00. In re Cavalieri, 142 B.R. 710.

By Charles R. Harroun, Attorney at Law



This entry was posted on Friday, October 23rd, 2020 at 8:25 am and is filed under Bankruptcy, Secured Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Your comment

Powered by WP Hashcash

  • Recently Posted Articles written by: Charels R. Harroun, Attorney at Law

    • Wrongful Repossession & Conversion: Creditor Held Liable
    • Statement of Financial Affairs: Discharge Denied
    • Holder in Due Course – Checks
    • Reasonable Reliance on Debtor’s Loan Application
    • $100,000.00 Award to Employee
    • Chapter 13 Bankruptcy Home Equity Mortgage Modifications
    • Substantial Abuse: Bankruptcy Dismissed
    • Sale of Credit Union Collateral: “AS IS”
    • Mobile Home Lien Superior to Real Estate Mortgage
    • Deposit Set-Off Not Allowed
    • Credit Union Board-Member Suit Dismissed

  • Website Builder

2009-2020 Copyright Harroun, P.C. | Credit Union Legal Newsletter powered by WordPress and Uchilla
Subscribe: Entries (RSS) and Comments (RSS)