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.
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