Court Opinion

ID: 2746463
Source: CourtListenerOpinion
Date Created: 2014-10-29 16:01:06.209699+00
Date Added: 2024-06-11T10:14:12.889880
License: Public Domain

Case: 14-13373   Date Filed: 10/29/2014   Page: 1 of 2

                                                      [DO NOT PUBLISH]

            IN THE UNITED STATES COURT OF APPEALS

                    FOR THE ELEVENTH CIRCUIT
                      ________________________

                            No. 14-13373
                        Non-Argument Calendar
                      ________________________

         D.C. Docket Nos. 1:14-cv-00743-JEC; 13-bkc-69958-CRM

In Re: ANGELLE CLAUDETTE GLASPIE,

                                                      Debtor.

________________________________________________________________

BANK OF AMERICA, N.A.

                                                      Plaintiff-Appellant,

versus

ANGELLE CLAUDETTE GLASPIE,

                                                     Defendant-Appellee.

                      ________________________

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

                            (October 29, 2014)

Before MARCUS, WILLIAM PRYOR, and EDMONDSON, Circuit Judges.
              Case: 14-13373     Date Filed: 10/29/2014   Page: 2 of 2

PER CURIAM:

      Bank of America, N.A. appeals the district court’s summary affirmance of

the bankruptcy court’s order voiding a wholly unsecured second priority lien on

residential property owned by a Chapter 7 debtor.

      The bankruptcy court granted Debtor’s request to “strip off” the unsecured

junior lien, based on this Court’s binding precedent in McNeal v. GMAC Mortg.,

LLC (In re McNeal), 735 F.3d 1263 (11th Cir. 2012) (citing Folendore v. United

States Small Bus. Admin., 862 F.2d 1537 (11th Cir. 1989)). In McNeal, we

concluded that a Chapter 7 debtor is allowed to “strip off” a second priority lien on

her home, pursuant to 11 U.S.C. § 506(a) and (d), when the first priority lien

exceeds the value of the property.

      Bank of America acknowledges that its arguments on appeal are foreclosed

by the Court’s decisions in McNeal and Folendore but reserves the right to seek

reconsideration of the issue by the en banc Court. Cf. United States v. Smith, 122

F.3d 1355, 1359 (11th Cir. 1997) (“Under the prior panel precedent rule, we are

bound by earlier panel holdings . . . unless and until they are overruled en banc or

by the Supreme Court.”).

      AFFIRMED.

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