Difference between revisions of "Bankruptcy"
From WFG Wiki
Alanfields (talk | contribs) |
Alanfields (talk | contribs) |
||
| Line 1: | Line 1: | ||
[http://www.lexology.com/library/detail.aspx?g=268ff416-986d-4d9f-ae4a-2646b3090815&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+Federal+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2014-11-21&utm_term= Perfection of Mechanics Liens & Other claims under Bankruptcy Stay] | [http://www.lexology.com/library/detail.aspx?g=268ff416-986d-4d9f-ae4a-2646b3090815&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+Federal+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2014-11-21&utm_term= Perfection of Mechanics Liens & Other claims under Bankruptcy Stay] | ||
| − | [Abandoning/Surrendering Property] | + | [[Abandoning/Surrendering Property]] |
The general avoidance power is at 11 USC 544 . | The general avoidance power is at 11 USC 544 . | ||
Revision as of 13:21, 3 November 2015
Perfection of Mechanics Liens & Other claims under Bankruptcy Stay
Abandoning/Surrendering Property
The general avoidance power is at 11 USC 544 . The trustee also has avoidance powers under 11 USC 547 for preferences.
“Transfer” includes a lien. See s. 101(54) after BAPCPA
Section 546 places some limitations on the power of avoidance
547(e)(2) gives 30 days to perfect by recording a sale or mortgage of real property. Same for creating UCC Interests under 547(c)(3)(B) – but UCC itself may set a shorter time for perfecting.
Authority for filing to perfect not being a violation of the stay is 362(b)(3) as interpreted in In re Construction Supervision Services
