In Re Law Developers, LLC

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• recognizing that “unlike under Section 544(a)(3), no Fourth Circuit case imputes the debtor’s knowledge of the deed of trust to the debtor-in-possession acting as a hypothetical judicial lien creditor pursuant to Section 544(a)(1).”
• relying on Millerburg to hold that the debtor-in-possession’s status as a hypothetical lien creditor cuts off the creditor’s reformation rights as of the petition date
• interpreting Hartman and concluding that “[a] debtor-in- possession with notice of the deed of trust is not ‘innocent’ and therefore cannot prevent reformation of the deed of trust under North Carolina law”

Source: CourtListener parenthetical corpus (CC0).