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Southwest Securities v. Segner

Petition for certiorari denied on May 30, 2017
Docket No. Op. Below Argument Opinion Vote Author Term
15-1223 5th Cir. N/A N/A N/A N/A OT 2016

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.

SCOTUSblog Coverage

DateProceedings and Orders (key to color coding)
Mar 28 2016Petition for a writ of certiorari filed. (Response due May 2, 2016)
May 17 2016DISTRIBUTED for Conference of June 2, 2016.
May 23 2016Response Requested . (Due June 22, 2016)
Jun 22 2016Brief of respondent Milo H. Segner, Jr., Trustee in opposition filed.
Jul 6 2016DISTRIBUTED for Conference of September 26, 2016.
Jul 6 2016Reply of petitioner Southwest Securities, FSB filed. (Distributed)
Oct 3 2016The Acting Solicitor General is invited to file a brief in this case expressing the views of the United States.
Apr 24 2017Brief amicus curiae of United States filed.
May 9 2017DISTRIBUTED for Conference of May 25, 2017.
May 12 2017Supplemental brief of petitioner Southwest Securities, FSB filed. (Distributed)
May 30 2017Petition DENIED.