Bank of America v. Toledo-Cardona, 14-163

October, 2014

A debtor in a chapter 7 bankruptcy proceeding may not void a junior mortgage lien under §506(d) when the debt owed on a senior mortgage lien exceeds the current value of the collateral if the creditor’s claim is both secured by a lien and allowed under §502 of the Bankruptcy Code.

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Oral Arguments Date: 
Tuesday, March 24, 2015
Certiorari Granted Date: 
Monday, November 17, 2014