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Home / Opinion Digests / Bankruptcy – Loan Payoff Recovery – Foreclosure (access required)

Bankruptcy – Loan Payoff Recovery – Foreclosure (access required)

A Norfolk U.S. District Court dismisses a portion of a Chapter 7 trustee’s motion to recover an alleged overstated loan payoff made after foreclosure on debtor’s property, as a claim for turnover cannot lie when there is an existing dispute over whether the debt claimed is actually owed to the claimant. Plaintiff Chapter 7 trustee seeks ...