Law360, New York ( September 25, 2014, 12:28 PM EDT) -- Lenders and their attorneys are conditioned to believe that being oversecured is as good as life gets for a creditor. Lenders want to secure repayment with collateral that is valuable and liquid, while their attorneys ensure that the security interest is properly perfected. But, post-closing confidence in a job well done can quickly evaporate if the borrower files a bankruptcy case intending to sell the collateral....
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