Reversal: Bank Loses in Lengthy Foreclosure Battle

From the Indiana Lawyer:

The Indiana Court of Appeals reversed judgment awarded to a bank against a former homeowner who filed for bankruptcy, finding that because the man had been discharged of any liability on the mortgage, the judgment was in error.

After Michael Mannion filed for bankruptcy on a residence he owned in Kokomo, he received a discharge from the mortgage debt and stopped making payments on the mortgage. During the next decade, Mannion faced three foreclosure actions brought against him by predecessors in interest, two of which were dismissed.

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This article was submitted bu Dustin DeNeal, Faegre Baker Daniels LLP. If you would like to submit content or write an article for the Commercial & Bankruptcy Law Section, please email Kara Sikorski at ksikorski@indybar.org.