Lockhart v. Garden City Bank & Trust Co.

How courts have described this case

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

• liens valid at the time of commencement of bankruptcy proceedings do not lose their validity during the course of the proceedings
• “it is settled in ordinary bankruptcy ... that property in the actual or constructive possession of the bankrupt when the petition is filed vests in the trustee and becomes subject to the exclusive jurisdiction of the bankruptcy court”

Source: CourtListener parenthetical corpus (CC0).