It's Called 'Adequate' — Not 'Automatic' — Protection
Law360, New York ( September 13, 2013, 10:30 AM EDT) -- Adequate protection compensates secured creditors for the debtor's use of their collateral in bankruptcy. This protection is not automatic and a recent decision by the Bankruptcy Appellate Panel of the Eighth Circuit underscores the importance of affirmatively asking for adequate protection or forfeiting a possessory security interest in funds turned over to the debtor....
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