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Description

Section 364(c) and (d) of the Bankruptcy Code provides for the creation of security interests in real and personal property under federal law. In this Article, David Gray Carlson discusses the quality and nature of these federal security interests, their remarkable immunity from reversal on appeal, and the ability of postpetition lenders to obtain preferences over other creditors through "cross-collateralization" clauses and the like.

Publication Date

2-1993

Volume

48

Publisher

The Business Lawyer

First Page

483

Disciplines

Bankruptcy Law | Commercial Law | Law | Securities Law

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