Abstract

http://ssrn.com/abstract=955914
 
 

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Constitutionality of Us Bankruptcy Code Preemption of Mortgage Foreclosure Statutes, and Related Economic Effects


Michael C. I. Nwogugu


Independent

2006


Abstract:     
This article: 1) analyzes the constitutionality of US Bankruptcy Code preemption of State-law Mortgage Foreclosure laws; and 2) analyzes inherent conflicts between the federal bankruptcy laws and state real estate laws; 3) shows that these violations of constitutional law and conflicts-of-laws create increased information asymmetry, increased transaction costs and compliance costs, and inefficiency in real estate transactions.

Number of Pages in PDF File: 38

Keywords: Bankruptcy law, real property prices, foreclosure laws, complexity, capital markets, secured transactions

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Date posted: January 13, 2007 ; Last revised: November 30, 2009

Suggested Citation

Nwogugu, Michael C. I., Constitutionality of Us Bankruptcy Code Preemption of Mortgage Foreclosure Statutes, and Related Economic Effects (2006). Available at SSRN: http://ssrn.com/abstract=955914 or http://dx.doi.org/10.2139/ssrn.955914

Contact Information

Michael C. I. Nwogugu (Contact Author)
Independent ( email )
P. O. Box 170002
Brooklyn, 11217
United States
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