In re Cain, 513 B.R. 316 (B.A.P. 6th Cir. 2014)
Jan 01, 2014OUTCOME: In favor of Debtor
Set the precedent in the Sixth Circuit, allowing “Chapter 20” bankruptcy filers to “strip” off wholly unsecured, inferior mortgage liens on their residences.
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Practice Areas: Real Estate, Personal Injury
OUTCOME: In favor of Debtor
Set the precedent in the Sixth Circuit, allowing “Chapter 20” bankruptcy filers to “strip” off wholly unsecured, inferior mortgage liens on their residences.
OUTCOME: In favor of Debtor
Debtor’s group term life insurance policy with Metropolitan Life Insurance, Inc. was deemed exempt pursuant to O.R.C. §2329.66(A)(6)(c) and O.R.C. § 3917.05.