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Secured Creditor – Collateral – ‘Inconsequential Value’ (access required)

Holding: Although the secured creditor’s claim is for $3,256,020.67 while the collateral is valued at only $432,575, since the value of the creditor’s lien is approximately 13 percent of the value of its total claim, the court cannot say that the collateral is “of inconsequential value” within the meaning of 11 U.S.C. § 1111(b)(1)(B)(i).

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Bankruptcy — Withdrawal of Reference – Intellectual Property – Trademark Infringement (access required)

Eli Global, LLC v. University Directories, LLC (Lawyers Weekly No. 15-03-0497, 10 pp.) (Thomas Schroeder, J.) 1:15-cv-00077; M.D.N.C. Holding: Where the defendant-debtors allege that plaintiffs infringed defendants’ registered and unregistered trademarks, litigation of the debtors’ claim will require consideration of ...

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