Section 551 of the Bankruptcy Code: Avoiding the Perils of the Useless Avoidance of Liens

Date

2014

Journal Title

Journal ISSN

Volume Title

Publisher

Texas Tech Business & Bankruptcy Law Journal

Abstract

This article discusses the purpose and applicability of § 551 of the U.S. Bankruptcy Code. The article analyzes various avoidance actions and the purpose of liens preserved under § 551. Finally, the article cautions that the concept of preserving the property right, without necessarily preserving the underlying contract, is difficult for courts and litigants to understand.

Description

Keywords

Avoidance action, Liens, § 551, Bankruptcy, Avoidable lien

Citation

2 Bus. & Bankr. L. J. 91