The Rights of a Prepetition Lien Holder Against Postpetition Proceeds from a Sale of Real Property
ABI
JANUARY 19, 2024
In evaluating the Texas Business & Commerce Code and title 11 of the United States Code (the “Bankruptcy Code”), the United States Bankruptcy Court for the Southern District of Texas, in In Re Burts Construction, Inc., held that a secured creditor has the right to receive monetary payment for property sales based on its lien on “accounts.”
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