- 11 U.S.C.
Liebzeit v. Intercity State Bank FSB (In re Blanchard)
Apr
14
2016
Ruling
Mortgage on vendor's interest in land contract was valid under state law and had priority over trustee's avoidance powers.
Issue(s)
Whether a bankruptcy trustee could use his strong arm powers under 11 U.S.C.S. § 544(a)(3) to avoid a bank's mortgage on the debtors' property, which was subject to a land contract, so he could use their vendor's interest in the land contract for the benefit of unsecured creditors.
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Court
:
Judge or Jurisdiction information not available