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U.S. Supreme Court opinion: Jan. 14

The United States Supreme Court has issued an opinion in a bankruptcy case involving retention of debtor property. The court held that the mere retention of estate property after the filing of a bankruptcy petition does not violate 11 U. S. C. §362(a)(3), which operates as a “stay” of “any act” to “exercise control” over the property of the estate.

Read the court's opinion at: