In the Matter of Chaseley's Foods, Inc., D/B/A Vic's Super Foods, Debtor. Appeal of Daniel L. Freeland, Trustee

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• adopting, as modified, the district court's opinion holding that the effectiveness of a properly filed financing statement does not lapse on the expiration of the original financing statement when there is an intervening bankruptcy
• adopting, as modified, the district court’s opinion holding that the effectiveness of a properly filed financing statement does not lapse on the expiration of the original financing statement when there is an intervening bankruptcy
• “[O]nce the bankruptcy petition is filed the secured creditor should not be required to file a continuation statement to preserve the validity of its lien.”
• under the Bankruptcy Code, the bankruptcy trustee has the status of a hypothetical lien creditor and the statute permits the trustee to avoid any unperfected liens on property belonging to the bankruptcy estate
• under the Bankruptcy Code, the bankruptcy trustee has the status of a hypothetical lien creditor and the statute permits the trustee to avoid any unperfected liens on property belonging to the bankruptcy estate

Source: CourtListener parenthetical corpus (CC0).