The U.S. Bankruptcy Appellate Panel (BAP) for the Eighth Circuit held on March 25, 2013, that a lender “lost its possessory lien when it turned the Debtor's account funds over to the Trustee without first seeking adequate protection.”
Secured Lender's Loss of Possessory Lien Affirmed
The U.S. Bankruptcy Appellate Panel (BAP) for the Eighth Circuit recently held that a lender "lost its possessory lien when it turned the Debtor's account funds over to the Trustee <I>without first seeking adequate protection."</I>
By
Lawrence S. Goldberg, David M. Hillman And Michael L. CookThis premium content is locked for The Bankruptcy Strategist subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN The Bankruptcy Strategist
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact Customer Service at [email protected] or call 1-877-256-2473.
