strip the lien or give adequate protection?

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Read Timbers - which of course says read 361.
>
> Read 506 a - d.
>
> Sent from my iPhone
>
> On Mar 10, 2011, at 3:27 PM, Alik Segal wrote:
>
> > When we have a fully undersecured second lien it can be stripped. On the other hand, in a reorganization chapter, every lien holder is entitled to adequate protection. How are these two reconciled?
> >
> > --
> > Alik Segal
> > Alik.Segal@...
> > 310-362-6157
> > Cal. CD, Los Angeles
> >
> >
>

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Yahoo Bot
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Read 506 a - d.
Sent from my iPhone
On Mar 10, 2011, at 3:27 PM, Alik Segal wrote:
> When we have a fully undersecured second lien it can be stripped. On the other hand, in a reorganization chapter, every lien holder is entitled to adequate protection. How are these two reconciled?
>
> --
> Alik Segal
> Alik.Segal@gmail.com
> 310-362-6157
> Cal. CD, Los Angeles
>
>
Read 506 a - d. Sent from my iPhoneOn Mar 10, 2011, at 3:27 PM, Alik Segal <listserv.inbox@gmail.com> wrote:

When we have a fully undersecured second lien it can be stripped. On the other hand, in a reorganization chapter, every lien holder is entitled to adequate protection. How are these two reconciled?--
Alik SegalAlik.Segal@gmail.com310-362-6157Cal. CD, Los Angeles

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Read Timbers
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Alik Segal
Sent: Thursday, March 10, 2011 3:28 PM
To: bk; CDCBAA Listserv; bootcamp-attorneys
Subject: [cdcbaa] strip the lien or give adequate protection?
When we have a fully undersecured second lien it can be stripped. On the
other hand, in a reorganization chapter, every lien holder is entitled to
adequate protection. How are these two reconciled?
Alik Segal
Alik.Segal@gmail.com
310-362-6157
Cal. CD, Los Angeles
Message
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Timbers


David A.
Tilem
Certified Bankruptcy
Specialist*
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Yahoo Bot
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When we have a fully undersecured second lien it can be stripped. On the
other hand, in a reorganization chapter, every lien holder is entitled to
adequate protection. How are these two reconciled?
Alik Segal
Alik.Segal@gmail.com
310-362-6157
Cal. CD, Los Angeles
When we have a fully undersecured second lien it can be stripped. On the other hand, in a reorganization chapter, every lien holder is entitled to adequate protection. How are these two reconciled?Alik SegalAlik.Segal@gmail.com310-362-6157Cal. CD, Los Angeles

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Ain't nuthin' to protect with no equity for their security interest.

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