The Credit Memo - January 2005

Volume I, No. I

The Credit Memo highlights several significat changes affecting business bankruptcies - or business creditors in the case of individual bankruptcies. It is published on an ongoing basis by Seyfarth Shaw LLP's Bankruptcy, Workouts and Business Reorganization practice group.

This month's newsletter focuses on:

• Does The Bankruptcy Code Really Protect Reclamation Rights Under the Uniform Commercial Code?
• • Establishing The Right To Reclaim Goods
  • Secured Creditors Have Priority Over Reclaiming Sellers
  • Bankruptcy Courts Disagree On The Protections Available To Reclaiming Sellers