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11 U.S.C. § 551 — Automatic preservation of avoided transfer

submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 44 words · no verdicts yet

in plain englishAI-generated · not legal advice

A transfer avoided under specified Bankruptcy Code sections, or a lien void under section 506(d), is preserved for the benefit of the bankruptcy estate. This preservation applies only to property of the estate.

Any transfer avoided under section 522, 544, 545, 547, 548, 549, or 724(a) of this title, or any lien void under section 506(d) of this title, is preserved for the benefit of the estate, but only as to property of the estate.

the actual law source: uscode.house.gov ↗public domain

Any transfer avoided under section 522, 544, 545, 547, 548, 549, or 724(a) of this title, or any lien void under section 506(d) of this title, is preserved for the benefit of the estate but only with respect to property of the estate.

Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2602.)

history & why it existsrecord from the source credit
  • 1978Enacted · Pub. L. 95-598 · 92 Stat. 2602

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.

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