2010 US Code
Title 11 - BANKRUPTCY
TITLE 11 - APPENDIX
FEDERAL RULES OF BANKRUPTCY PROCEDURE AND OFFICIAL BANKRUPTCY FORMS
Rule 6010 - Proceeding to Avoid Indemnifying Lien or Transfer to Surety
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 4, Title 11 - BANKRUPTCY |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 11 - BANKRUPTCY TITLE 11 - APPENDIX FEDERAL RULES OF BANKRUPTCY PROCEDURE AND OFFICIAL BANKRUPTCY FORMS PART VI - COLLECTION AND LIQUIDATION OF THE ESTATE Rule 6010 - Proceeding to Avoid Indemnifying Lien or Transfer to Surety |
| Contains | rule 6010 |
| Date | 2010 |
| Laws in Effect as of Date | January 7, 2011 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | As amended Apr. 30, 1991, eff. Aug. 1, 1991. |
Rule 6010. Proceeding to Avoid Indemnifying Lien or Transfer to Surety
If a lien voidable under §547 of the Code has been dissolved by the furnishing of a bond or other obligation and the surety thereon has been indemnified by the transfer of, or the creation of a lien upon, nonexempt property of the debtor, the surety shall be joined as a defendant in any proceeding to avoid the indemnifying transfer or lien. Such proceeding is governed by the rules in Part VII.
(As amended Apr. 30, 1991, eff. Aug. 1, 1991.)
Notes of Advisory Committee on Rules—1983This rule is derived from former Bankruptcy Rule 612.
Notes of Advisory Committee on Rules—1991 AmendmentThis rule is amended to conform to §550(a) of the Code which provides that the trustee may recover the property transferred in a voidable transfer. The value of the property may be recovered in lieu of the property itself only if the court so orders.
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