It is no secret that arbitration has become a common alternative to traditional courtroom litigation. Arbitration clauses are widely employed in domestic and international commercial contracts. With the advent of the global economy, contracting parties from different countries often rely on arbitration clauses to select a neutral forum and venue for resolving contract disputes. And,
Supreme Court Says No More Stripping!…of Junior Liens in Chapter 7
The Eleventh Circuit’s opinions in In re McNeal1, Bank of America v. Caulkett2 and Bank of America v. Toledo-Cardona3 put second mortgages in greater jeopardy for lenders when the Eleventh Circuit held that second-priority mortgage liens could be eliminated completely (i.e. “stripped off”) in chapter 7 bankruptcy cases where collateral is