ABI - American Bankruptcy Institute

11/09/2024 | News release | Distributed by Public on 11/09/2024 03:57

‘Preserved’ Liens Can Sometimes Be Worthless, Ninth Circuit Says

September 11, 2024

'Preserved' Liens Can Sometimes Be Worthless, Ninth Circuit Says

When a lien is undersecured, the avoided portion of the lien takes nothing through preservation until the unavoidable portion of the lien is paid in full.

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Opinion Link

View Opinion
https://abi-opinions.s3.amazonaws.com/Leite.pdf

Case Details

Case Citation

U.S. v. Mackenzie (In re Leite), 23-15825 (9th Cir. Sept. 3, 2024).

Case Name

U.S. v. Mackenzie (In re Leite)

Case Type

Business
Court