Articles

Skapof, Klidonas Analyze Recent Lien-Stripping Decision for The Banking Law Journal

Articles / January 14, 2016

Counsel Marc Skapof and Associate George Klidonas authored an article published in the January 2016 issue of The Banking Law Journal. In the article, “Secured Creditors Beware: Liens May Be Extinguished Under a Chapter 11 Plan,” Skapof and Klidonas explain a Second Circuit decision holding that where a plan “deals”’ with a secured creditor’s lien and the secured creditor “participates” in the bankruptcy case, the confirmation of a plan extinguishing the lien can be valid. They conclude that “secured creditors should be mindful of the consequences of abstaining from exercising their rights.”

Read the article.