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Silicon Valley Bank s holding company, SVB Financial Group, filed for Chapter 11 bankruptcy this morning.in the Southern District of New York. Who knew that Park Avenue South was in the heart of Silicon Valley? Seriously, the venue here looks problematic.. ....
A listserv post this morning accentuated a troubling trend at the intersection of commercial law and bankruptcy practice: a marked decline in confident expertise in the former. The scenario is simple and, I suspect, common: perfected security interest in collateral. ....