Bankruptcy – Mortgage Loans – Co-Debtor Stay – Retroactive Annulment

By Deborah Elkins
Published: June 30, 2008

In this litigation involving a foreclosure sale of debtor’s residence without first obtaining relief from the automatic stay in bankruptcy with regard to debtor’s husband, who had signed a deed of trust but was not an obligor on the note, a Richmond U.S. District Court upholds the bankruptcy court’s application of a “balancing of the ...

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