This series focuses on four bankruptcy-related bills that were enacted during the 116th Congress and signed into law on August 23, 2019.1 One bill, the Small Business Reorganization Act of 2019 (SBRA),2 appears in its entirety in Appendix B to this series and was summarized in Part I,3 along with the other bills signed on the same day. SBRA deals on its face with a non-consumer topic, but as we have seen, it will be of interest to Chapter 12 and 13 trustees, who may be asked to serve as small business Chapter 11 trustees.
From the Editor – Property of Estate and Exemptions
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By The Honorable William Houston Brown (Retired)
Avoidance of judicial lien. Under Rhode Island’s homestead exemption, a mixed-use residential/commercial property fell within the exemption’s scope, and the judicial lien impaired the exemption, permitting the debtor to avoid the lien. There was no language in the statute limiting application to purely residential structure; alternatively, under a “predominant-use” test, the property qualified as residential. In re Carpenter, 559 B.R. 551 (Bankr. D. R.I. 2016).
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The Honorable William Houston Brown retired in 2006 as a United States . . .
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