Lien Priority Question
Posted: Thu Feb 07, 2019 6:47 am
Reply-To: Sevan Gorginian
X-Original-Return-Path: Sevan Gorginian
To: cdcbaa@yahoogroups.com
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More on this lien priority issue. I did more research to help listmates and got a great case from Judge Mund (thank you M. Avanesian! for sending it).. This is a great opinion to read. It explains why a lien cannot exist without an underlying debt to associate with it. Plus it presents a good set of facts issue whether an abstract of judgment recorded before debtor files bk, which never attached to property, could become a lien on after-acquired property when the debt was discharged in a prior case. Judge Mund denied the 522(f) motion because she said there is no valid lien to be avoided since there was no debt. Nice. I am attaching the opinion here but if its not attached then its 10-11635, November 16, 2018, Judge Mund (In re Larissa Kenney).
> On Feb 2, 2019, at 5:05 PM, Sevan Gorginian wrote:
>
> Agree with Shai, Patrick and Gary.
>
> The Supreme Court case in Sanderfoot controls, as does certain parts of the 9th Circuit Pederson case. All of this is nicely explained along with supporting California statute in this Oregon bankruptcy courts opinion You should also read the Pederson case (cited below).
>
> In this Caldwell case, the court said the Sanderfoot Doctrine applies. Creditor got judgment 3/2001, abstract of judgment 4/2001. Next month, 5/2001, debtor acquires property. Then files bk. Debtor moved to avoid the abstract lien under 522(f) but the court, in a nicely laid out opinion, said the Supreme Courts Sanderfoot Doctrine applies such that the debtor must have had some interest in the home before the judgment lien was affixed. From my reading of other cases, this is sometimes calling the Time of Fixing Rule. To fix means to fasten a liability upon.
>
> The Vincent Court, 260 B.R. at 620, said the fundamental question of ownership is whether the property encumbered by the lien was property of the debtor at the time of fixing of the lien.
>
> Heres some other opinions that will be helpful:
> https://www.govinf
The post was migrated from Yahoo.
X-Original-Return-Path: Sevan Gorginian
To: cdcbaa@yahoogroups.com
X-Yahoo-Newman-Id: groups-system
More on this lien priority issue. I did more research to help listmates and got a great case from Judge Mund (thank you M. Avanesian! for sending it).. This is a great opinion to read. It explains why a lien cannot exist without an underlying debt to associate with it. Plus it presents a good set of facts issue whether an abstract of judgment recorded before debtor files bk, which never attached to property, could become a lien on after-acquired property when the debt was discharged in a prior case. Judge Mund denied the 522(f) motion because she said there is no valid lien to be avoided since there was no debt. Nice. I am attaching the opinion here but if its not attached then its 10-11635, November 16, 2018, Judge Mund (In re Larissa Kenney).
> On Feb 2, 2019, at 5:05 PM, Sevan Gorginian wrote:
>
> Agree with Shai, Patrick and Gary.
>
> The Supreme Court case in Sanderfoot controls, as does certain parts of the 9th Circuit Pederson case. All of this is nicely explained along with supporting California statute in this Oregon bankruptcy courts opinion You should also read the Pederson case (cited below).
>
> In this Caldwell case, the court said the Sanderfoot Doctrine applies. Creditor got judgment 3/2001, abstract of judgment 4/2001. Next month, 5/2001, debtor acquires property. Then files bk. Debtor moved to avoid the abstract lien under 522(f) but the court, in a nicely laid out opinion, said the Supreme Courts Sanderfoot Doctrine applies such that the debtor must have had some interest in the home before the judgment lien was affixed. From my reading of other cases, this is sometimes calling the Time of Fixing Rule. To fix means to fasten a liability upon.
>
> The Vincent Court, 260 B.R. at 620, said the fundamental question of ownership is whether the property encumbered by the lien was property of the debtor at the time of fixing of the lien.
>
> Heres some other opinions that will be helpful:
> https://www.govinf
The post was migrated from Yahoo.