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In re Cook

In In re Cook, 2014 Bankr. LEXIS 67 (B.A.P. 8th Cir. Jan.

USA, Insolvency & Restructuring, Litigation, Alston & Bird LLP, Eighth Circuit, United States bankruptcy court, Bankruptcy Appellate Panel
In re Residential Capital, LLC, et al.

In a recent decision [1] arising from the In re Residential Capital LLC, et al.

USA, New York, Insolvency & Restructuring, Litigation, Alston & Bird LLP, Debtor
Unauthorized UCC filings: a cautionary tale in the absence of requisite authority to file, a UCC termination statement is ineffective to bring a perfected security interest to an end

A recent decision by the United States Bankruptcy Court for the Southern District of New York1 found that a UCC-3 termination statement filed on behalf of a secured creditor was not effective because it lacked the proper authorization.

USA, New York, Insolvency & Restructuring, Litigation, Milbank LLP, Debtor, Uniform Commercial Code (USA), United States bankruptcy court