Logan v. Citibank
Oct 12, 2010OUTCOME: Judgment entered for Citibank
In the US Bankruptcy Court for the District of Maryland, Mr. Valkenet obtained a court order requiring the Trustee to disgorge approximately $150,000 to his client arising from the sale of real estate. ... Judge Duncan Kier described the law permitting a lender to leapfrog over the rights of the bankruptcy Trustee, even when a lien is recorded within the preference period. 437 B.R.787