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Home / Opinion Digests / Debtor Wins Lien Avoidance Appeal (access required)

Debtor Wins Lien Avoidance Appeal (access required)

The Danville U.S. District Court reverses the bankruptcy court’s denial of debtor’s complaint to avoid a secured judicial lien under 11 U.S.C. § 506(d); because the creditors in question filed an allowed proof of claim under § 501, the exception to the avoidance requirement in § 506(d)(2) does not apply in this case and the ...

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