A Brief Summary of "Strip Down" and "Strip Off" Rules
Lawrence R. Ahern, III
Brown & Ahern
Most Academy readers do not need an in-depth primer on lien-stripping, but this Appendix is designed to provide a high-level summary of the most important rules involved, as interpreted by the courts since enactment of the Bankruptcy Code and as affected by recent legislation. It accompanies a two-part series on the application of these rules.
Under a baseline . . .
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