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TITLE 11.
BANKRUPTCY · UNITED STATES CODE
Chapter 5.
Creditors, the Debtor and the Estate
Subchapter III. The Estate
11
USC § 552. Postpetition effect of security interest
(a) Except as provided in subsection (b) of this
section, property acquired by the estate or by the debtor after the
commencement of the case is not subject to any lien resulting from any
security agreement entered into by the debtor before the commencement of the
case.
(b)
(1) Except as provided in sections
363, 506(c),
522,
544,
545,
547,
and 548
of this title, if the debtor and an entity entered into a security agreement
before the commencement of the case and if the security interest created by
such security agreement extends to property of the debtor acquired before
the commencement of the case and to proceeds,
products,
offspring, or profits of such property, then such security interest extends
to such proceeds, products,
offspring, or profits acquired by the estate after the commencement of the
case to the extent provided by such security agreement and by applicable
nonbankruptcy law, except to any extent that the court, after notice and a
hearing and based on the equities of the case, orders otherwise.
(2) Except as provided in sections
363, 506(c),
522,
544,
545,
547,
and 548
of this title, and notwithstanding section
546(b) of this title, if the debtor and an entity entered into a
security agreement before the commencement of the case and if the security
interest created by such security agreement extends to property of the
debtor acquired before the commencement of the case and to amounts paid as
rents of such property or the fees, charges, accounts, or other payments for
the use or occupancy of rooms and other public facilities in hotels, motels,
or other lodging properties, then such security interest extends to such
rents and such fees, charges, accounts, or other payments acquired by the
estate after the commencement of the case to the extent provided in such
security agreement, except to any extent that the court, after notice and a
hearing and based on the equities of the case, orders otherwise.
[Rev. 5-18-05]
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