It is an article of faith in bankruptcy that secured creditors are entitled to priority and the secured creditor's lien or security interest continues through the bankruptcy process and beyond to provide security for non performance. A 1995 decision by the Seventh Circuit Court of Appeals has raised new concerns as to whether a secured creditor's lien necessarily survives through the bankruptcy process.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.