Secured creditors should not allow a liquidator to sell a secured asset without first:
Australia, Insolvency & Restructuring, Litigation, Cooper Grace Ward, Liquidation, Secured creditor, Liquidator (law), Unsecured creditor
A long-standing legal principle is that liens pass through bankruptcy unaffected. Like every general rule, however, this tenet has exceptions.
USA, Insolvency & Restructuring, Litigation, Jones Day, Bankruptcy, Debtor, Interest, Foreclosure, Secured creditor, Fifth Circuit