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22
Aug
2022

Reinstatement of Lien Denied

Court denies reinstatement of lien denied in this case when CoreStates Bank inadvertently released a secured lien it held on debtor’s Mercedes automobile. The release took place after the debtor filed a Chapter 13 bankruptcy.

CoreStates attempted to reinstate the lien and requested the bankruptcy court to enforce imposition of the mistakenly released lien.

The bankruptcy court denied the request of the bank, resulting in a totally unsecured debt with a balance owing of more than $18,000.00. In re Cavalieri, 142 B.R. 710.

By Charles R. Harroun, Attorney at Law



This entry was posted on Monday, August 22nd, 2022 at 7:58 am and is filed under Bankruptcy, Secured Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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