Insurance

Glomming On to an Entire Insurance Policy Can Be a Voidable Preference, Circuit Says

The insured’s bankruptcy can allow other claimants to recover a preference from one claimant who drew down the policy limit.
Court: 

Consent to a Sale for Less than the Mortgage Debt Doesn’t Waive a Deficiency Claim

A secured lender need not obtain a deficiency judgment to retain a claim against an insurer for a shortfall in a bankruptcy sale, Bankruptcy Judge Grossman says.

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