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Stallard v. Charter One (In re Stallard)

Stallard v. Charter One (In re Stallard)

Ruling
Wholly unsecured junior lien could be stripped off if debtor fully performed under confirmed plan.
Procedural posture

Debtors brought this action pursuant to 11 U.S.C.S. § 506(a), (d), and Fed. R. Bankr. P. 3012, 7001(2) seeking to determine the value of defendant creditor's interest in debtor's residential real estate and to determine the status of the creditor's claim. The matter came before the court for hearing upon proper notice.

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Consumer opinion summary, case decided on October 02, 2012 , LexisNexis #1112-133