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HSBC Bank USA v. UAL Corp. (In re UAL Corp.)

Ruling
Bankruptcy court valued creditor's collateral for purposes of bifurcation.
Procedural posture

Creditor filed an adversary proceeding against chapter 11 debtor, seeking a valuation of its collateral for the purposes of bifurcating its claim pursuant to 11 U.S.C. § 506(a) into a secured portion and an unsecured portion.

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opinion summary, case decided on October 05, 2006 , LexisNexis #1106-119

Szilagyi v. JPMorgan Chase Bank N.A. (In re Johnson)

Ruling
Trustee was allowed to avoid bank liens due to recorded release and since bona fide purchaser would not have been on notice of the bank's equitable property interest.
Procedural posture

Plaintiff chapter 7 trustee brought an adversary proceeding against defendant banks, seeking avoidance of a recorded mortgage. The banks filed a counterclaim seeking a declaration that one bank's lien was valid and that it had a valid mortgage lien and security interest in a portion of the proceeds generated by a court-authorized sale of real property. The court held a trial on stipulated facts.

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opinion summary, case decided on April 18, 2006 , LexisNexis #0506-131