Southwest Securities v. Segner
Petition for certiorari denied on May 30, 2017
Issue: Whether, under Section 506(c) of the Bankruptcy Code, which authorizes the trustee to “recover from property securing an allowed secured claim the reasonable, necessary costs and expenses of preserving, or disposing of such property to the extent of any benefit to the holder of such claim[,]” secured creditors are obliged to shoulder the trustee's maintenance costs when retaining encumbered property in the hope of benefiting other creditors for the period a trustee abandons encumbered property. CVSG: 4/24/2017.
