Court Opinion

ID: 2738143
Source: CourtListenerOpinion
Date Created: 2014-09-30 14:01:09.728727+00
Date Added: 2024-06-11T10:03:52.696421
License: Public Domain

Case: 14-12486    Date Filed: 09/30/2014   Page: 1 of 2

                                                         [DO NOT PUBLISH]

            IN THE UNITED STATES COURT OF APPEALS

                    FOR THE ELEVENTH CIRCUIT
                      ________________________

                            No. 14-12486
                        Non-Argument Calendar
                      ________________________

                D.C. Docket No. No. 2:14-cv-00079-RWS,
                      Bkcy No. 13-bkc-23101-REB

In Re: AMANDA LAURA VANDER IEST,
                                                                         Debtor.

__________________________________________________________

BANK OF AMERICA, NA,

                                                             Plaintiff-Appellant,
                                  versus

AMANDA LAURA VANDER IEST,

                                                           Defendant-Appellee.

                      ________________________

               Appeal from the United States District Court
                  for the Northern District of Georgia
                     ________________________

                            (September 30, 2014)
              Case: 14-12486     Date Filed: 09/30/2014    Page: 2 of 2

Before WILSON, WILLIAM PRYOR and ROSENBAUM, Circuit Judges.

PER CURIAM:

      Bank of America, NA, appeals a judgment in favor of Amanda Laura

Vander Iest in her bankruptcy proceeding. The district court affirmed summarily

the ruling of the bankruptcy court that a second priority lien held by Bank of

America, which is subordinate to a first priority lien that exceeds the fair market

value of Vander Iest’s real property, is a wholly unsecured claim that Vander Iest

can “strip off” in her voluntary petition for bankruptcy under Chapter 7. See 11

U.S.C. § 506(d); Folendore v. United States Small Bus. Admin., 862 F.2d 1537,

1538–39 (11th Cir. 1989). We affirm.

      Bank of America challenges the judgment on a ground that it admits is

foreclosed by precedent. Bank of America argues that our holding in Folendore

that a debtor can “strip off” a wholly unsecured second priority lien was “squarely

repudiated” by the Supreme Court in Dewsnup v. Timm, 502 U.S. 410, 112 S. Ct.

773 (1992), but we held in In re McNeal, 735 F.3d 1263 (11th Cir. 2012), that

Dewsnup did not overrule or abrogate our holding in Folendore. Id. at 1265–66.

“Under our prior precedent rule, a panel cannot overrule a prior one’s holding even

though convinced it is wrong.” United States v. Steele, 147 F.3d 1316, 1317–18

(11th Cir. 1998) (en banc).

       AFFIRMED.

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