Professor Margit Livingston on Article 9 Secured Parties vs. Lien Creditors Post-Default (PDF)

In a recent case involving garnishment of accounts receivable by a lien creditor (i.e., cash transfers), the secured party was able to prevail over the lien creditor by persuading the court to adopt the "trace and recapture" approach to the transfers that were made post-default.

Publisher :LexisNexis Emerging Issues Analysis
Format: Electronic, 4 Pages , PDF

ISBN: 9781422429983

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