Chapter XII Avoiding Powers of The Debtor and Trustee

• Jurisdiction: North Carolina

CHAPTER XII Avoiding Powers of the Debtor and Trustee
Charles M. Ivey III Ivey McClellan Siegmund Brumbaugh & McDonough, LLP Greensboro, North Carolina
Scott McKellar Battle, Winslow, Scott & Wiley, PA Rocky Mount, North Carolina
CHAPTER XII Avoiding Powers of the Debtor and Trustee

I. INTRODUCTION

II. TRUSTEE'S AVOIDING POWERS

A. "Strong-Arm" Powers of the Trustee - § 544(a)

1. Judicial Lien Creditor

2. Unsatisfied Execution Creditor

3. Bona Fide Purchaser of Real Estate

B. Successor to Actual Creditors - § 544(b)

C. Statutory Lien Creditor - § 545

D. Avoidance of Certain Liens for Fines or Punitive Damages - § 724

E. Preferences - § 547

1. Frequently Litigated Issues Concerning Elements of a Preferential Transfer

2. Statutory Defenses to the Preference Action

3. Other Common Defenses to a Preference Action

4. Setoffs as Preferences

5. Procedure to Avoid a Preference

6. Statute of Limitations

F. Fraudulent Transfers - § 548

1. The Elements of the Case

2. Transfer of an Interest of Debtor in Property

3. Defining Transfer

4. Actual Fraudulent Intent

5. Constructive Fraudulent Intent

6. Partnership Debtor

7. State Law

8. Discovery

9. Venue

10. Fraudulent Transfer Involving Self-Settled Trusts

G. Post-petition Transfers - § 549

1. Involuntary Case Gap Transferees for Value

2. Bona Fide Purchasers of Real Estate

3. Good Faith Payor of Debt Owed to Debtor

4. Limitations Under § 549(d)

H. Limitation on the Trustee's Avoiding Powers - § 546

1. General Limitations

2. Post-petition Perfection Safe Harbor

3. Reclamation

4. Use of 11 U.S.C. § 503(b)(3)(9) to Establish Administrative Expense

Claim

III. DEBTOR'S AVOIDING POWERS - § 522

IV. LIABILITY OF TRANSFEREE OF AVOIDED TRANSFER - § 550

V. AUTOMATIC PRESERVATION OF AVOIDED TRANSFERS AND LIENS - § 551

VI. HEIGHTENED PLEADING REQUIREMENTS IN PREFRENCE CASES

Statutory References

11 U.S.C. § 101(14A)
11 U.S.C. § 101(32A)
11 U.S.C. § 101(53)
11 U.S.C. § 101(54)
11 U.S.C. § 362(b)(3)
11 U.S.C. § 502
11 U.S.C. § 503(b)(9)
11 U.S.C. § 522
11 U.S.C. § 522(f)
11 U.S.C. § 522(h)
11 U.S.C. § 541(d)
11 U.S.C. § 542(c)
11 U.S.C. § 544
11 U.S.C. § 544(a)
11 U.S.C. § 544(a)(1)
11 U.S.C. § 544(a)(2)
11 U.S.C. § 544(a)(3)
11 U.S.C. § 544(b)
11 U.S.C. § 544(b)(1)
11 U.S.C. § 544(b)(2)
11 U.S.C. § 545
11 U.S.C. § 545(2)
11 U.S.C. § 545(3)
11 U.S.C. § 546(a)
11 U.S.C. § 546(b)
11 U.S.C. § 546(c)
11 U.S.C. § 546(c)(2)
11 U.S.C. § 546(i)
11 U.S.C. § 547
11 U.S.C. § 547(b)
11 U.S.C. § 547(b)(4)(B)
11 U.S.C. § 547(c)
11 U.S.C. § 547(c)(1)
11 U.S.C. § 547(c)(3)
11 U.S.C. § 547(c)(4)
11 U.S.C. § 547(c)(5)
11 U.S.C. §...