Flashpoints

Michael L. Weissman, Levin Ginsburg, Chicago
312-368-0100 | E-mail Michael L. Weissman

Security Interests Lost Due to Inadequate Description of Collateral

Two recent cases emphasize the need for an adequate description of collateral when attaching and perfecting a security interest in commercial t...

Michael L. Weissman, Levin Ginsburg, Chicago
312-368-0100 | E-mail Michael L. Weissman

Lien Lost by Surrender of Possession

In re Leaver, 627 B.R. 517 (Bankr. W.D.Wis. 2021), is a reminder that a lien initially perfected by possession can be lost by surrender of possession even if the debtor stipu...