Is your guaranty restricted or continuing? A continuing guaranty gives rise to divisible individual transactions, while a restricted guaranty—one that concerns a contemplated and specified extension of credit—arises upon...more
The Issue and Background -
Debtors David Caulkett and Edelmiro Toledo-Cardona (“Debtors”) each filed for Chapter 7 bankruptcy relief with “underwater” junior mortgages held by Bank of America, N.A. (“Bank”). In other...more
6/23/2015
/ Bank of America ,
Bank of America v. Caulkett ,
Bankruptcy Code ,
Chapter 13 ,
Chapter 7 ,
Consumer Bankruptcy ,
Foreclosure ,
Junior Lenders ,
Junior Liens ,
Lien Stripping ,
Mortgage Lenders ,
Mortgages ,
Property Valuation ,
SCOTUS ,
Section 506 ,
Underwater Homeowners ,
Unsecured Debt