By Lawrence R. Ahern III, Brown & Ahern (Nashville, TN) PART II – BASICS OF PERFECTION OF SECURITY INTERESTS Introduction Current circumstances, with a pandemic and a recession, portend a wave of bankruptcy filings. In the consumer bankruptcy field, trustees and debtors' counsel often are uncomfortable with the rules in UCC Article 9. In this space, we have previously looked...
Critical Case Comment – Greene v. Savage, 2009 WL 3152191 (9th Cir. October 2, 2009) (Timlin)
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Greene v. Savage, 2009 WL 3152191 (9th Cir. October 2, 2009) (Timlin)
A debtor owning real property more than 1,215 days prior to the filing of a bankruptcy may claim a homestead exemption unlimited by § 522(p)(1) even where the debtor only asserts the homestead within the 1,215-day period.
Summary of the Case
Scott Greene purchased a parcel of undeveloped land in Sparks, Nevada in May of 1994. In 2004 he had moved . . .
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