In JNET Commc’ns, LLC v. Caldwell (In re Servicom, LLC, 677 B.R. 1 (Bankr.
Proper Control of Cash Collateral Is Necessary to Protect Claims In Bankruptcy
The U.S. Bankruptcy Court for the District of Connecticut decision in JNET Commc’ns offers a stark reminder that control of cash collateral is not a mere formality under Article 9 of the Uniform Commercial Code; it is the crucial element of perfection itself.
By
Barbara M. Goodstein and Adam C. Wolk
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