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In re Pace

In re Pace

Ruling
Debtor's attorney ordered to cancel promissory note for fees and release liens placed on property of the estate to secure the note.
Issue(s)
Whether a chapter 7 debtor's attorney may take a security interest in the debtor's property prior to filing bankruptcy to secure both pre- and post-petition professional fees?

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Consumer opinion summary, case decided on November 02, 2015 , LexisNexis #1115-124