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Public Finance Matters Updates on recent public finance and municipal bond developments

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Statutory Liens vs. Consensual Liens: Why it Matters and When it may Not

Posted in Bankruptcy

While secured creditors are entitled to special rights in bankruptcy, those rights may differ depending on whether creditors have a statutory or consensual lien on their collateral. This is primarily because section 552(a) of the Bankruptcy Code provides, in part, that “property acquired by the estate or by the debtor after the commencement of the… Continue Reading