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11 U.S.C. § 506(c)

Definition

A provision of the United States Bankruptcy Code that allows the trustee to recover from secured property costs and expenses that were necessarily incurred in order to preserve such property for the benefit of the secured claimant.

Related Rules


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General Electric Credit Corp. v. Levin & Weintraub


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Hartford Underwriters Ins. Co. v. Union Planters Bank, N.A.