Firm News Img

Firm News

Dot Your I’s and Don’t Forget the T’s: Lender Loses Its Secured Status for Missing ‘T’ in Borrower’s Middle Name

October 6, 2017 | Categories: Firm News | Topics:Tags: , ,

A recent bankruptcy case dramatically illustrates how critical it is for a lender to strictly comply with the requirements for creating a legally effective UCC financing statement, and the hard lessons that follow if a lender fails to do so.   In Mainsource Bank v. LEAF Capital Funding, LLC (In re Nay), 563 B.R. 535 […]

A Letter Of Credit and the Bankruptcy Paradox: Will It Protect You? – Maybe!

April 4, 2017 | Categories: Firm News | Topics:Tags: ,

A letter of credit (“LC”) can be a valuable tool in a trade creditor’s arsenal to secure payment of an account and at the same time avoid a future bankruptcy preference claim. However, creditors should beware. They can on occasion find themselves in the middle of what we call the “payment from the debtor bankruptcy […]

Creditors’ Committees in Bankruptcy Cases

April 4, 2017 | Categories: Firm News, Publications | Topics:Tags: ,

Consider the following scenario: The debtor filed a Chapter 11 reorganization case a couple of weeks ago and you just received an invitation from the Office of the United States Trustee to volunteer to be a member of the Official Committee of Unsecured Creditors of the debtor. Should you seek to join the committee? Is […]



©2019 Kohner, Mann & Kailas, S.C. All rights reserved | Privacy Policy | Site Map | Website By GT Creative