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"I'll Sit This One Out" - Fifth Circuit Permits Secured Creditor to Disregard Chapter 11 Case

A few weeks ago in In re S. White Transportation [ an enhanced version of this opinion is available to lexis.com subscribers ], the U.S. Court of Appeals for the Fifth Circuit permitted a secured creditor that had indisputably received notice of the debtor’s chapter 11 case, but took no steps to...