Archives for going bankrupt

Bankruptcy in Michigan – 6th Circuit Says Perfection Follows Secured Lien, Even After Assignment

Michigan Bankruptcy Secured Lien. The Bankruptcy Court for the Northern District of OH said Wells Fargo Bank lacked standing to seek relief from the automatic stay in the filed Ch. 7 of Megan Rice.  WFB appealed the decision to the 6th Circuit Appellate Panel.  Debtor Rice had previously financed a Trailblazer.  In turn, the security…