Creditor must return repossessed articles to trustee or debtor-in-possession upon learning of the filing of Chapter 13 petition -- no affirmative suit by trustee or debtor-in-possession is required.
Minor circuit split flagged.
Belief that additional security was needed before release of the property does not excuse the retention.
Intention to retain the property made this a willful act, subject to penalties and costs.
Weber v. SEFCU
Wednesday, May 08, 2013
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Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.
Author's SSRN page here.