Chapter XXII Real Estate and Bankruptcy

• Jurisdiction: North Carolina

CHAPTER XXII Real Estate and Bankruptcy
Samantha K. Brumbaugh Ivey, McClellan, Siegmund, Brumbaugh & McDonough, L.L.P. Greensboro, North Carolina
Joseph A. Davies Smith Debnam Narron Drake Saintsing & Myers, LLP Raleigh, North Carolina
Byron L. Saintsing Smith Debnam Narron Drake Saintsing & Myers, LLP Raleigh, North Carolina
John M. Sperati Smith Debnam Narron Drake Saintsing & Myers, LLP Raleigh, North Carolina
CHAPTER XXII Real Estate and Bankruptcy

I. INTRODUCTION

II. JURISDICTION

III. PRE-BANKRUPTCY CONSIDERATIONS

A. Preferential Transfers

1. Time of Transfer

2. Other Elements of a Preference

3. Judicial Liens

4. Preference Actions as Applied to North Carolina Mechanic's Liens and Payment Bond Claims Under Chapter 44A of the North Carolina General Statutes

5. Exceptions to Preferential Transfers

B. Fraudulent Transfers

1. Involuntary Transfers, Foreclosures

2. Effect of Avoidance

IV. POST-PETITION CONSIDERATIONS

A. Relief From the Automatic Stay

1. Exceptions to Automatic Stay Related to Real Property

2. Additional Grounds for Relief From Automatic Stay Related to Secured Claims in Real Property

B. Procedure to Obtain Relief From Stay

C. Determination of Value

D. Modification of Secured Claims Against Real Property

E. Avoidance of Post-Petition Transfers

V. EXEMPTIONS IN REAL ESTATE

A. Statutory Exemptions Pursuant to North Carolina Law

B. Tenancy by the Entireties Property

C. Right of Redemption

D. Objection to Exemptions

E. Judgment Liens

VI. ABANDONMENT

VII. SALE OF REAL ESTATE

A. Sales Free and Clear of Liens and Interests

B. Sale of Jointly Owned Property

C. Sale of Real Property in a Chapter 11 Plan

D. Sale of Farmland in a Chapter 12 Case

E. Sale of Real Property in a Chapter 13 Case

VIII. LABOR AND MATERIALMAN'S LIENS

A. Special Application: Condominium Units

Statutory References

11 U.S.C. § 101(13A)
11 U.S.C. § 101(14A)
11 u.s.c. § 101(54)
11 U.S.C. § 105(a)
11 U.S.C. § 109(g)
11 U.S.C. § 362
11 U.S.C. § 362(a)
11 U.S.C. § 362(a)(4)
11 U.S.C. § 362(b)
11 U.S.C. § 362(b)(3)
11 U.S.C. § 362(b)(10)
11 U.S.C. § 362(b)(20)
11 U.S.C. § 362(b)(21)
11 U.S.C. § 362(b)(22)
11 U.S.C. § 362(b)(23)
11 U.S.C. § 362(c)(3)(A)
11 U.S.C. § 362(c)(3)(B)
11 U.S.C. § 362(c)(4)(A)(i)
11 U.S.C. § 362(d)(4)
11 U.S.C. § 362(g)(1)
11 U.S.C. § 362(g)(2)
11 U.S.C. § 362(l)
11 U.S.C. § 362(l)(1)
11 U.S.C. § 362(m)
11 U.S.C. § 363
11 U.S.C. § 363(b)
11 U.S.C. § 363(b)(1)
11 U.S.C. § 363(c)
11 U.S.C. § 363(e)
11 U.S.C. § 363(f)
11 U.S.C. § 363(g)
11 U.S.C. § 363(h)
11 U.S.C. § 363(i)
11 U.S.C. § 363(j)
11 U.S.C. § 506
11 U.S.C. § 506(a)
11 U.S.C. § 522(a)(3)
11 U.S.C. § 522(b)
11 U.S.C. § 522(b)(1)
11 U.S.C. § 522(b)(2)(A)
11 U.S.C. § 522(b)(2)(B)
11 U.S.C. § 522(b)(3)(B)
11 U.S.C. § 522(c)(2)
11 U.S.C. § 522(d)
11 U.S.C. § 522(f)
11 U.S.C. § 522(f)(1)
11 U.S.C. § 522(f)(1)(A)
11 U.S.C. § 522(f)(2)(A)
11 U.S.C. § 522(f)(2)(C)
11 U.S.C. § 522(g)
11 U.S.C. § 522(l)
11 U.S.C. § 522(o)
11 U.S.C. § 522(p)
11 U.S.C. § 523(a)(5)
11 U.S.C. § 541
11 U.S.C. § 544
11 U.S.C. § 545
11 U.S.C. § 546(b)
11 U.S.C. § 546(b)(1)
11 U.S.C. § 546(b)(2)
11 U.S.C. § 547
11 U.S.C. § 547(b)
11 U.S.C. § 547(c)
11 U.S.C. § 547(c)(6)
11 U.S.C. § 547(d)
11 U.S.C. § 547(e)(1)(A)
11 U.S.C. § 547(e)(1)(B)
11 U.S.C. § 547(f)
11 U.S.C. § 548
11 U.S.C. § 548(a)(1)
11 U.S.C. § 548(a)(1)(A)
11 U.S.C. § 548(a)(1)(B)
11 U.S.C. § 548(b)
11 U.S.C. § 548(c)
11 U.S.C. § 549(a)
11 U.S.C. § 549(b)
11 U.S.C. § 549(c)
11 U.S.C. § 550(a)
11 U.S.C. § 550(b)
11 U.S.C. § 550(e)(1)
11 U.S.C. § 551
11 U.S.C. § 554
11 U.S.C. § 727(b)
11 U.S.C. § 1123(a)(5)(D)
11 U.S.C. § 1190(3)
11 U.S.C. § 1123(a)(5)(E)
11 U.S.C. § 1123(a)(5)(F)
11 U.S.C. § 1123(a)(5)(G)
11 u.s.c. § 1123(a)(5)(H)
11 U.S.C. § 1206
11 U.S.C. § 1301
11 U.S.C. § 1303
11 U.S.C. § 1306(b)
11 U.S.C. § 1322(b)(2)
11 U.S.C. § 1322(b)(5)
11 U.S.C. § 1322(b)(8)
11 U.S.C. § 1322(c)
11 U.S.C. § 1322(c)(2)
11 U.S.C. § 1325(a)(5)
28 U.S.C. § 157
28 U.S.C. § 157(a)
28 U.S.C. § 157(b)
28 U.S.C. § 157(b)(2)
28 U.S.C. § 157(c)
28 U.S.C. § 1334
28 U.S.C. § 1334(e)
28 U.S.C. § 1334(e)(1)
28 U.S.C. § 1452
E.D.N.C. Local Bankr. Rule 9014-1(c)
E.D.N.C. Local Bankr. Rule 9014-1(g)
Fed. R. Bankr. P. 2002(a)
Fed. R. Bankr. P. 2002(a)(2)
Fed. R. Bankr. P. 2002(c)
Fed. R. Bankr. P. 4001
Fed. R. Bankr. P. 4003
Fed. R. Bankr. P. 4003(b)
Fed. R. Bankr. P. 6004
Fed. R. Bankr. P. 6004(a)
Fed. R. Bankr. P. 6004(b)
Fed. R. Bankr. P. 6007(a)
Fed. R. Bankr. P. 6007(b)
Fed. R. Bankr. P. 7001
Fed. R. Bankr. P. 7001(3)
Fed. R. Bankr. P. 7004
Fed. R. Bankr. P. 9014
Fed. R. Bankr. P. 9027
M.D.N.C. Local Bankr. Rule 9013-1(c)
N.C. Gen. Stat. § 1-234
N.C. Gen. Stat. § 1-440.33(b)(1)
N.C. Gen. Stat. § 1C-1601
N.C. Gen. Stat. § 1C-1601(a)(1)
N.C. Gen. Stat. § 1C-1601(a)(2)
N.C. Gen. Stat. § 1C-1601(e)
N.C. Gen. Stat. § 1C-1601(f)
N.C. Gen. Stat. § 25-9-102(41)
N.C. Gen. Stat. § 29-4
N.C. Gen. Stat. § 29-30
N.C. Gen. Stat. § 39-13.6
N.C. Gen. Stat. § 44A-7
N.C. Gen. Stat. § 44A-9
N.C. Gen. Stat. § 44A-10
N.C. Gen. Stat. § 44A-12(c)
N.C. Gen. Stat. § 44A-13
N.C. Gen. Stat. § 44A-13(a)
N.C. Gen. Stat. §...