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Seventh Circuit Court Issues Ruling Regarding Statutory Liens

The U.S. Circuit Court of Appeals for the Seventh Circuit gave decision interpreting Bankruptcy Code’s lien definitions, saying a lien imposed by Chicago Municipal Code was judicial not statutory because it arose partly due to quasi-judicial process not solely from statute. ....

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The quandary of realizing "Statutory Lien" as a Security Interest under IBC - Impact on Secured Financial Lenders

The Insolvency & Bankruptcy Code, 2016 (“IBC”) has been one of the most talked about debated, evolving legislations of recent times. It has brought… ....

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