Bankruptcy Archives - Lien Solutions

New Bankruptcy Rules Go Into Effect

Written by Lien Solutions
Date January 2018

Learn what changes took effect on December 1, 2017, to the Federal Rules of Bankruptcy Procedure.

 

Lease or Security Interest?

Written by Chris Altenbach
Date September 2017

It is imperative when signing contracts to be explicit in your agreement before a contract is assigned.   Learn what happened when a contract had ambiguity between the two parties. In this Chapter 11 action, the court was tasked with determining whether a contract constitutes a true lease or security interest. Ford Motor Credit Company, LLC (“Ford”) brought motions for relief from stay to exercise its rights against trucks that are the subject of a master lease agreement with the debtor, Lasting Impressions Landscape Contractors, Inc. (“Debtor”).