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Fifth Circuit Rules Secured Creditors Who Snooze Do Not Lose

On August 5, 2013, the Fifth Circuit Court of Appeals ruled in Acceptance Loan Co., Inc. v. S. White Trans., Inc. (In re S. White Transp.) that a creditor's lien remained intact notwithstanding that the confirmed plan of reorganization provided for its extinguishment and notwithstanding that the secured creditor received proper notice throughout the bankruptcy case.

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Aug 13, 2013
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