Bankruptcy Law Case Summary – In re: World Imports Ltd.

On behalf of Furr & Cohen, P.A. posted in News on Friday, April 29, 2016.

In a bankruptcy proceeding, in which a party asserted maritime liens on debtor’s goods then in its possession, the district court’s judgment, that certain contractual modifications to those liens were unenforceable, is reversed where the modifications were enforceable as to goods then in possession.