“All Commercial Tort Claims” is Insufficient Description to Perfect a Security Interest
ABI
JANUARY 12, 2022
2] On September 15, 2017, Aerogroup filed a voluntary petition for relief under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) with the Delaware Bankruptcy Court. [3] 10] Because Polk did not have a perfected security interest in the D&O claims, it therefore has no standing to assert them. [11].
Let's personalize your content