Notice To Revolving Lenders: Beware PBGC Liens

Law360, New York (November 5, 2008, 12:00 AM EST) -- In these times of financial and economic crisis, when insolvency professionals are seeing so many companies large and small either in bankruptcy or on the brink of filing, revolving secured lenders, and all creditors for that matter, need to know whether the companies to which they are providing credit have a pension plan and, if so, whether that plan is current on its mandatory contributions.

In situations where a pension plan is underfunded or has been terminated, it is more likely than not that the Pension...
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