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By Mike Reed, Michael Custer
The Bankruptcy Appellate Panel for the Sixth Circuit (BAP) recently held that a mortgagee that held a collateral assignment of rents on property in which the debtor had no equity was not adequately protected by cash collateral orders entered by the bankruptcy court that granted the lender a "replacement lien" on post-petition rents.
By Mike Reed
A recent U.S. Supreme Court decision that resolved a long-standing controversy in environmental law could have a significant impact in bankruptcy cases.