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New Cases For the Week of May 28, 2001 - June 1, 2001
Brought to you by BKINFORMATION.COM
- The Source for Business Bankruptcy Information on the Internet
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June 1, 2001
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Case
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Court
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Holding
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In
re Bean
(DBN Subscription Required) |
2d Cir. |
When
a debtor improperly sells real property for fair value during
a Chapter 7 case, but promptly remits the net proceeds
to the trustee, the trustee cannot thereafter sue the
purchaser for the value of the property, since, under 11 USC
550(d), the the trustee is entitled to a "single
satisfaction," which he has already received vis-a-vis
the debtor's remittance of the net proceeds. |
In
re Pond
(DBN Subscription Required) |
2d
Cir. |
A
Chapter 13 debtor can void a wholly unsecured lien on his
primary residence. |
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