In re Karykeion Inc.
Aug
16
2010
Ruling
Secured claim took priority over claim of lenders who had not perfected their interests in debtor's property.
Procedural posture
Debtor corporation filed a petition under chapter 11 of the Bankruptcy Code, and a creditor filed a secured claim against the debtor's bankruptcy estate. The debtor, joined by an Official Committee of Unsecured Creditors, filed a motion to value the creditor's claim.
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Court
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