Bankruptcy

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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