context: A carve out may not exist unless ordered, or approved by the Court with the consent of the affected secured creditor.
citation_a.signal: see
citation_a.identifier: 153 F.3d 68, 68
citation_a.parenthetical: "a secured creditor's collateral may only be diminished to the extent that the secured creditor waives its right to the protections afforded by the Code"
citation_a.sentence: See In re White Glove, Inc., 1998 WL 731611, at *6 (essential to a carve out is “the agreement between the secured party and the beneficiary of the carve out”); In re Blackwood Assoc., 153 F.3d at 68 (“a secured creditor’s collateral may only be diminished to the extent that the secured creditor waives its right to the protections afforded by the Code”); see also In re Trim-X Inc., 695 F.2d 296, 301 (7th Cir.1982) (the estate, and not the secured creditor, bears the cost of the administrative expenses of the estate).
citation_b.signal: see also
citation_b.identifier: 695 F.2d 296, 301
citation_b.parenthetical: the estate, and not the secured creditor, bears the cost of the administrative expenses of the estate
citation_b.sentence: See In re White Glove, Inc., 1998 WL 731611, at *6 (essential to a carve out is “the agreement between the secured party and the beneficiary of the carve out”); In re Blackwood Assoc., 153 F.3d at 68 (“a secured creditor’s collateral may only be diminished to the extent that the secured creditor waives its right to the protections afforded by the Code”); see also In re Trim-X Inc., 695 F.2d 296, 301 (7th Cir.1982) (the estate, and not the secured creditor, bears the cost of the administrative expenses of the estate).