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Rule 6010 United States Federal Rules of Bankruptcy Procedure

Rule 6010 Federal Rules of Bankruptcy Procedure

Rule 6010 of the Federal Rules of Bankruptcy Procedure is about Avoiding an Indemnifying Lien or a Transfer to a Surety. It is under Part VI (Collection and Liquidation of the Estate) of the Rules.

This rule applies if a lien voidable under § 547 has been dissolved by furnishing a bond or other obligation, and the surety has been indemnified by the transfer of or creation of a lien on the debtor’s nonexempt property. The surety must be joined as a defendant in any proceeding to avoid that transfer or lien. Part VII governs the proceeding.

See also  Rule 6008 United States Federal Rules of Bankruptcy Procedure

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