Aug 15
Posted by Bankruptcy Articles in Uncategorized | No Comments
Chapter 11 bankruptcy law is also known as reorganization of the code applies to partnerships and companies. It allows companies to make a plan on how to pay their debts without having to sell their property. This in itself is not an opportunity for companies to keep operating even if they are in financial crisis. [...]
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Tags: bankruptcy, Chapter, Includes
Regarding the PMSI, look to the terms of the security agreement to see whether the one-to-one relationship between debt-to-collateral is preserved (ie did the 10/05 collateral also secure the loan given on 9/06? If so no PMSI) Look to state law for default terms if not spelled out in the agreement (eg in [...]
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Tags: credit, Includes, instruments
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