Can’t Strip Seconds in Chapter 7, No Way, No How

Ran into a friend of mine at a party over the weekend who does appearances at chapter 7 341’s.  He said he’s appearing on bunches of cases for lawyers none of us have ever heard of, i.e., “newbys.”  He said every day he gets a few clients that think their unsecured seconds are going to be stripped in the chapter 7.  Peter Lively and Jim King I know are trying to find a case that they can try to strip the second, arguing that Dewsnup doesn’t apply to completely unsecured liens.  I believe a case in Florida recently went that direction.   But it hasn’t happened yet here.

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