Can We Expect Courts to be Reasonable in Applying Laws?
If that is what you expect, the rules for UCC filings will burst your bubble.
Double Bubble, Ltd. had its secured claim deflated in U.S. Securities & Exchange Commission v. ISC, Inc. Double Bubble claimed to be a secured creditor with a security interest perfected by the filing of a Uniform Commercial Code financing statement with the Wisconsin Department of Financial Institutions. If Double Bubble were a secured creditor it would receive 100 percent of its claim; if an unsecured creditor, it would receive 66 percent of its claim. Download this white paper to read how the District Court popped the hopes of Double Bubble for a full payment!
Practice emphasizes creditors’ rights and construction issues, and also includes consulting and supervising throughout the firm’s areas of business
Includes emphasis on creditors’ rights, bankruptcy cases, general litigation, loan documentation, workouts, foreclosures and forcible detainers, as well as deficiency collection and accounts collection
Client list includes banks, mortgage companies, distributors in various industries and leasing companies
Former director of the Arizona Chapter of the National Association of Credit Managers (NACM)
Named Best Lawyer in the areas of bankruptcy and creditor debtor rights for the last 10 years by Best Lawyers in America
Ranked as a Super Lawyer by Super Lawyers
Ranked as one of Arizona’s Finest Lawyers by Arizona’s Finest Lawyers Foundation
Can be contacted at https://www.gblaw.com/professional/michael-r-king/
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