TITLE

THE LEGAL SIDE OF ABL

AUTHOR(S)
Helfat, Jonathan N.; Kohn, Richard M.
PUB. DATE
January 2010
SOURCE
Secured Lender;Jan/Feb2010, Vol. 66 Issue 1, p85
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses several U.S. court cases involving commercial finance issues. In Schubert v. Lucent Technologies, a secured lender was deemed to be an insider of the debtor and therefore subject to an extended one year preference period. In relation to General Motors Corp., the bankruptcy court approves the sale of substantially all the assets of General Motors pursuant to article 363 of the Bankruptcy Code. The bankruptcy court in relation to Gulf Coast Oil held that debtors did not demonstrate substantial reasons under Chapter 11.
ACCESSION #
47883990

 

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