McCarthy v. BMW Bankr. of N. Am.
Nov
23
2007
Ruling
Security interest not perfected in timely manner could be avoided.
Procedural posture
In an adversary proceeding, pro se appellant chapter 7 trustee appealed the District Court for the District of Columbia's affirmation of a bankruptcy judge's finding that a bank had perfected its security interest in the sole asset of the estate outside the 90-day period of 11 U.S.C. 547 since, under District of Columbia (District) common law, a prior lien gave a prior legal right except where statute varied the common law rule.
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Court
:
Judge or Jurisdiction information not available