By Lawrence R. Ahern, III, Brown & Ahern (Nashville, TN) Federal Rules of Bankruptcy Procedure Amendments Effective December 1, 2020 The Judicial Conference proposed, and Congress has not changed, the amendments to the following Federal Rules of Bankruptcy Procedure: Rules 2002, 2004, 8012, 8013, 8015 and 8021. Absent Congressional action, which is not expected, they will be effective at the...
From the Editor – Avoidance
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By The Honorable William Houston Brown (Retired)
Chapter 7 trustee’s avoidance of post-petition mortgage lien. After filing Chapter 7, the debtor, without prior authority, refinanced property of the estate twice and the trustee sought avoidance of the mortgage lien under § 549. No defense was available because the mortgagee did not qualify as a good faith transferee, having knowledge of the bankruptcy filing as a pre-petition creditor. Under § 550, recovery could be the property or value of the avoided lien. In re Lemmons, ___ B.R. ___, 2019 WL 3806519 (Bankr. D. Idaho Aug . . .
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