In recent months, there have been several bankruptcy court decisions that are significant to secured lenders.  Here’s a write-up of some of them, prepared by my bankruptcy colleagues here at Reed Smith.  Some of the issues addressed in these cases include proper perfection of security interests, the rights of second lien holders (also covered in this prior post), the role of stalking horse bidders, and a situation where a 363 asset sale didn’t work out as planned for the secured lender.  Happy reading!