Ninth Circuit Finds That 1111(b) Deemed-Recourse Rights Do Not Survive Foreclosure Of Underlying Property

The Ninth Circuit recently announced in <I>Mastan v. Salamon (In re Salamon</I>) that a secured creditor with a nonrecourse mortgage cannot assert a claim for any deficiency if the underlying property is foreclosed on during the bankruptcy case. Here's an analysis of the decision.

9 minute read July 01, 2017 at 12:03 AM

Craig S. Ganz and

Michael A. DiGiacomo

The U.S. Circuit Court of Appeals for the Ninth Circuit recently announced in Mastan v. Salamon (In re Salamon

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Ninth Circuit Finds That 1111(b) Deemed-Recourse Rights Do Not Survive Foreclosure Of Underlying Property

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Is Your Law Firm’s AI Ready for Answer Engines and Clients?

Lawsuit Over Carl Sagan’s “Iconic” Saying Evokes Right of Publicity Issues That Are Becoming Common Amid AI Boom

When AI Agents Trigger a Crisis, Part 2: Before the Agent Acts

Who Owns the Code? Closing IP and Founder Equity Gaps Before Venture Diligence Finds Them