Consent to a Sale for Less than the Mortgage Debt Doesn’t Waive a Deficiency Claim
A secured lender need not obtain a deficiency judgment to retain a claim against an insurer for a shortfall in a bankruptcy sale, Bankruptcy Judge Grossman says.
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Case Details
Case Citation
TD Bank NA v. KB Insurance Co. Ltd. (In re Savva’s Restaurant Inc.), 22-8040 (Bankr. E.D.N.Y. Sept. 21, 2023)
Case Name
TD Bank NA v. KB Insurance Co. Ltd. (In re Savva’s Restaurant Inc.)
Case Type
Business