The Committee's decision to increase the time period to 20 days was proposed to conform bankruptcy law practices to most State's practices. I would like to clarify just one point with the Senator from Tennessee, however. That is that while the date of perfection is determined by State law, including these ``relation back'' statutes, they do not affect the time of transfer pursuant to section 547.
Discussing changes to bankruptcy law practices during a committee meeting.
Share
More from Howell Heflin
we were deeply saddened recently by the death of one of Alabama's most distinguished jurists, former Judge Joseph Phelps. He had only retired in January 1995 after serving as Montgomery County Circuit Judge for 18 years. During his long…
last week, one of Alabama's outstanding citizens and great success stories came to Washington in his effort to give something back to his country. Richard Scrushy is founder, chairman, and CEO of Healthsouth Corp., the Nation's largest…
When Jim Exon leaves, the Senate will have lost one of its most loyal and dedicated Members. The business of governing often comes down to being a team player. While he has not been reluctant to stand his ground when his conscience…
when I learned that Senator David Pryor was not planning on seeking reelection this year, I realized that few Members of this body have meant so much to the Nation while at the same time serving the people of their State. Back in 1951, at…
Other voices in this conversation
