Survival of a Lien in Bankruptcy

Date
1995-07-14
Authors
Harl, Neil
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Abstract

It is an article of faith in bankruptcy that secured creditors are entitled to priority and the secured creditor's lien or security interest continues through the bankruptcy process and beyond to provide security for non performance. A 1995 decision by the Seventh Circuit Court of Appeals has raised new concerns as to whether a secured creditor's lien necessarily survives through the bankruptcy process.

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