BAPCPA at 10
The 2005 amendments to Section 546(c) departed from state law under UCC § 2-702 by creating a federal rule making reclamation claims subordinate to existing secured claims and DIP financing.
The Supreme Court has ducked the split twice in recent years but should tackle the question this time around.
Chapter 13 forces judges to micromanage the lives of debtors.
Congress may have intended to preclude ‘stay and pay,’ but it didn’t succeed.