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Rochelle's Daily Wire

Seventh Circuit: Reclamation Claims Are Subordinate to DIP Financing

The 2005 amendments to Section 546(c) departed from state law under UCC ยง 2-702 by creating a federal rule making reclamation claims subordinate to existing secured claims and DIP financing.

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Opinion Link

Case Details

Case Citation

Whirlpool Corp. v. Wells Fargo Bank NA (In re hhgregg), 18-3363 (7th Cir. Feb. 11, 2020).

Case Name

Whirlpool Corp. v. Wells Fargo Bank NA (In re hhgregg), 18-3363 (7th Cir. Feb. 11, 2020).

Case Type

Business
Court