November 2011
Clarks' Secured Transactions Monthly;Nov2011, Vol. 27 Issue 11, p4
The article discusses an Illinois court case, Agri-Best Holdings LLC v. the Atlanta Cattle Exchange Inc. (TACE), which deals with the enforcement of the bankrupt debtor's rights on receivables. Agri-Best Holdings LLC registered for a Chapter 11 bankruptcy and sued TACE on the receivables, however, Wells Fargo Bank NA appealed to the bankruptcy court for relief from the automatic stay. The court ruled that the secured lender has the position to sue the account debtors once the stay is lifted.


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