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Home / Case Digests / Second Circuit — Bankruptcy: In re: Motors Liquidation Co.

Second Circuit — Bankruptcy: In re: Motors Liquidation Co.

U.S. Court of Appeals for the Second Circuit Bankruptcy UCC-3 Termination Statement — Authorization In re: Motors Liquidation Co. 13-2187-bk Judges Winter, Wesley and Carney Background: United States Bankruptcy Court held that a mistakenly filed UCC-3 termination statement was unauthorized and therefore not effective to terminate a secured lender’s interest in a debtor’s property. Ruling: The Second Circuit concluded that this ...

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