Fully Encumbered Property Is Not a Debtor’s Asset, First Circuit Says
Perplexing opinion may only apply to the status of assets before bankruptcy.
Judge Name - Do not use it.
Bruce M. Selya
%1
Bankruptcy Code
Bankruptcy Code
Bankruptcy Code
Supreme Court Narrowly Interprets the Safe Harbor, Overrules the Majority of Circuits
Intermediate transfers to financial institutions do not trigger the safe harbor.
Judge Name - Do not use it.
Supreme Court