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Southwest Securities v. Segner

Certiorari Denied

Petition for certiorari denied on May 30, 2017.

Docket No.15-1223
Op. Below5th Cir.

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.

Proceedings & orders timeline

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

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