Saylersville Natl Bank v. Bailey (In re Bailey)
Dec
12
2011
Ruling
Reaffirmation agreement for unsecured debt that was not enforceable under state law properly voided.
Procedural posture
Debtors signed a reaffirmation agreement with appellant bank, which allowed them to stay in their home, and obligated them to continue making their full mortgage payments after bankruptcy. On a subsequent motion by debtors, the bankruptcy court voided the reaffirmation agreement on the ground of mutual mistake. The U.S. District Court for the Eastern District of Kentucky affirmed, and the bank appealed.
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Court
:
Judge or Jurisdiction information not available