Securing a Loan to a Broadcaster, Part 2 - Bankruptcy Cases and Lien...

Securing a Loan to a Broadcaster, Part 2 - Bankruptcy Cases and Liens on Licenses
JD Supra (press release)
Thus, if the lender goes into bankruptcy and there are insufficient funds to pay all creditors (as is usually the case), the secured party will get first crack at the assets that are available to pay debts. The question of whether such priority should ...