Bruce A. Wilson

(402) 231-8818
(402) 346-1148 Fax
March 30, 2017

The United States Bankruptcy Court for the Northern District of West Virginia recently held that a UCC 1 financing statement properly submitted to, but mis indexed by, the UCC filing office was effective and prior to a subsequently filed financing statement.

Client Alert
January 10, 2017
Many “all assets” UCC financing statements contain language in the collateral description which expands upon, illustrates or explains that “all assets” means all of a debtor’s assets. Although intended to clarify that “all assets” means all, some explanatory language in an “all assets” collateral description may actually result in a debate, similar to Alice’s debate with the Mad Hatter above, whether “more” or “less” was correct. For more information, read our client alert.
November 4, 2016
October 7, 2016

Kutak Rock partner Bruce Wilson published two articles in the mondaq website newsletter of September 28, 2016.

September 7, 2016

The Puerto Rico Oversight, Management, and Economic Stability Act, Pub. Law 114-187 (“PROMESA” or the “Act”), was enacted into law on June 30, 2016.

Client Alert
June 15, 2016

Two bankruptcy courts recently have issued opinions that invalidated “golden share” provisions in a bankruptcy-remote entity’s organizational documents.

May 15, 2015
May 12, 2015

The United States Bankruptcy Court for the Northern District of Illinois, in a case of first impression, recently held that transfers made by a debtor in a commercial mortgage loan securitization were not avoidable as preferences or constructively fraudulent transfers because the transfers were made in connection with a “securities contract” and thus protected from being avoided under the safe harbor provisions of Section 546(e) of the United States Bankruptcy Code, 11 U.S.C. §§ 101 et seq., as amended (the “Bankruptcy Code”). Krol v. Key Bank National Association, et al. (In re MCK Millennium Centre Parking, LLC), Adv. No. 14-392 (Bankr. C.D. Ill. Apr. 30, 2015) (“Krol”).  For more information, please read our client alert.

April 27, 2015

Appellate proceedings currently under way in the Jefferson County, Alabama bankruptcy case could decide important issues concerning the finality of a municipal debtor’s plan of adjustment and whether the terms of a confirmed plan can be changed on appeal.

Client Alert
January 27, 2015