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Bankruptcy

: The Debt Podcast

What is Cash Collateral?

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Cash collateral is usually only an issue in business bankruptcy cases.  Cash collateral is defined as “cash, negotiable instruments, documents of title, securities, deposit accounts, or other cash equivalents,” 11 U.S.C. § 363(a), in which a creditor has a lien.  An example is when a creditor has a security interest in inventories and their proceeds.  [...]

Full post as published by The Debt Podcast on April 11, 2008 (boomark / email).

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