Nobelman v. American Savings Bank

Nobelman v. American Savings Bank
Supreme Court of the United States
Argued April 19, 1993 Decided June 1, 1993
Full case name	Leonard Nobelman, et ux., Petitioners v. American Savings Bank, et al.
Citations	508 U.S. 324 (more) 113 S. Ct. 2106; 124 L. Ed. 2d 228; 1993 U.S. LEXIS 3745; 61 U.S.L.W. 4531; Bankr. L. Rep. (CCH) ¶ 75,253A; 28 Collier Bankr. Cas. 2d (MB) 977; 24 Bankr. Ct. Dec. 479; 93 Cal. Daily Op. Service 3927; 7 Fla. L. Weekly Fed. S 339
Holding
Section 1322(b)(2) prohibits a Chapter 13 debtor from relying on § 506(a) to reduce an undersecured homestead mortgage to the fair market value of the mortgaged residence.
Court membership
Chief Justice William Rehnquist Associate Justices Byron White · Harry Blackmun John P. Stevens · Sandra Day O'Connor Antonin Scalia · Anthony Kennedy David Souter · Clarence Thomas
Case opinions
Majority	Thomas, joined by unanimous
Concurrence	Stevens

Nobelman v. American Savings Bank, 508 U.S. 324 (1993), was a United States Supreme Court case in which the Court disallowed cram-downs (the involuntary imposition by a court of a reorganization plan over the objections of creditors in a bankruptcy proceeding) for primary residences. Michael J. Schroeder argued on behalf of the mortgage creditor, American Savings Bank.

External links

• Text of Nobelman v. American Savings Bank, 508 U.S. 324 (1993) is available from: CourtListener  Findlaw  Justia  Library of Congress  Oyez (oral argument audio)