Legal Question in Bankruptcy in Pennsylvania

bankruptcy--second note holder

If the first note holder (the bank) foreclosed on the debtor's property. If that property (the only asset of the debtor sells for more than the debt owed the bank. Does the second note holder get the 'extra' funds?


Asked on 9/18/07, 3:22 pm

1 Answer from Attorneys
John Gibson John W. Gibson, Esquire

Re: bankruptcy--second note holder

Yes.

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Answered on 9/25/07, 9:56 am


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