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In a bankruptcy matter where a creditor failed to perfect a security interest out of concern that such aggressive action would lead to a breakdown of negotiations on issues under mediation, a bankruptcy judge in New York granted a request to file an informal proof of claim. The case presented novel issues of law dealing with a trustee's ability, through strong-arm powers, to supersede a creditor's unperfected lien.
June 14, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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