Mealey's Bankruptcy - 8th Circuit: Lender Lacks Security Interest In Debtors' Property

Mealey's Bankruptcy - 8th Circuit: Lender Lacks Security Interest In Debtors' Property

ST. LOUIS - A panel of the Eighth Circuit U.S. Court of Appeals on Feb. 6 ruled that a bankruptcy court did not err when it concluded that a bank lacked a perfected security interest in property listed in a debtor couple's bankruptcy schedules because the property instead belonged to the bankruptcy estate (Bank of England v. M. Randy Rice $(In Re: Dudley R. Webb Jr., et al.$), No. 13-1495, Chapter 7, 8th Cir.; U.S. App. LEXIS 2236).

Find full version on lexis Advance®
Access this news story on lexis.com®